Wednesday, 22 November 2017 02:45 GMT
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Dana Petroleum makes second gas discovery in Egypt

(MENAFN - ProactiveInvestors - UK) Dana Petroleum PLC (LSE: DNX) said it has it has made a second gas discovery in the West El Burullus concession, offshore Egypt's Nile Delta. To date, Dana and GDF Suez have drilled two wells in this concession and made two discoveries. Dana holds a 50 percent interest in the discovery and concession area, which contains numerous additional prospects at both shallow and deeper horizons. Operator GDF Suez holds the remaining 50 percent in the concession. The Papyrus-1X well was drilled in a water depth of approximately 20 metres to a total measured depth of 1,990 metres, targeting a Pliocene prospect consisting of a turbiditic sand system. The well encountered good quality gas bearing channel sands and an extensive set of wireline log data was acquired over the reservoir section. A multi-rate drill stem test has been completed. The well flowed at rates of up to 33 million standard cubic feet per day with 442 barrels of condensate per day. The flow rates during the test were constrained by the drill stem test equipment and it was very encouraging that downhole pressures remained high during the flow test, Dana said. The data will now be fully analysed and the commerciality of this discovery, along with the previous WEB-1X discovery, will be discussed with Egypt Natural Gas Holding Co (EGAS). Dana and GDF Suez are currently evaluating concepts that would enable a combined early development of these two neighbouring gas discoveries. The Papyrus-1X well is being suspended for potential re-entry and future use as a gas production well. The drilling rig will then immediately move onto the Bamboo prospect in the same concession area. Bamboo is a large, Miocence channel and it is expected to take approximately 90 days to drill to top reservoir. Dana CEO Tom Cross said: "Dana is hugely encouraged to have found two new gas fields with its first two wells in this prolific region. The Papyrus discovery reinforces the attractiveness of other prospects already identified within the West El Burullus concession, including larger targets at the deeper Miocene and Oligocene levels."


Dana Petroleum makes second gas discovery in Egypt

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