Dana Gas has discovered more gas in Egypt’s Nile Delta, with 9.4 million cubic feet per day produced during initial tests, the United Arab Emirates-based company said on Sunday.
The Begonia-1 discovery well also produced 133 barrels of condensate, a light oil, in the test drilling in a sandstone reservoir of the Lower Abu Madi Formation.
Total evaluated resources for the Lower Abu Madi zone are between 7 and 15 billion cubic feet, along with around 100,000 barrels of condensate, Dana Gas said in a statement.
“The Company is pleased to announce another successful well discovery which will add to our production, cash flow and reserves in Egypt,” said Rashid Al-Jarwan, acting Dana Gas chief executive.
“We look forward to continue our appraisal drilling activities in the months to come.”
Also Read
-
BP agrees gas sales price for Oman tight gas project
BP has agreed a price for any gas produced from Oman’s Khazzan project as part of a commercial framework agreement with the government, the ... Energy -
Israel will get $60b from 20 years of gas sales
Israel said on Wednesday it will keep most of its newfound natural gas for domestic use but will still allow enough exports to satisfy exploration ... Energy -
Cairo’s gas stations turn into paid car parks amid fuel crisis
Some of Cairo’s gas stations have been temporarily turned into paid car parks, in an attempt to drum up business amid a squeeze on fuel supplies ... Energy
