This image will be automatically disabled when it gets reported by several people.
Dana Gas announces new discovery in Egypt's Nile Delta Onshore discovery by Egypt's sixth largest natural gas producer is expected to boost company's production by over 1,600 barrels of oil equivalent per day once developed
Dana Gas PJSC, the Middle East's first and largest regional private-sector natural gas company, announced a new gas discovery in its West El-Manzala concession in Egypt's Nile Delta on Sunday, according to a company press release. When tested, the Begonia-1 well, in the lower Abu Madi Formation, produced 9.4 million standard cubic feet of gas with 133 barrel condensate. Once fully developed, it is expected to add at least 1,600 barrels of oil equivalent per day to Dana Gas Egypt's production. It is the twenty-fifth such discovery made by the United Arab Emirates-based company in Egypt since 2007. “We are pleased to have made another excellent gas discovery in our onshore Nile Delta asset in 2013, following the outstanding results of 2012." said Patrick Allman-Ward, general manager of Dana Gas Egypt. "The Begonia-1 well continues a series of rich gas discoveries made last year, with the potential for fast hook up and production that helps to contribute to meeting Egypt's gas needs. We are planning to drill two additional appraisal wells in these discoveries before the end of 2013," he added. Dana Gas is currently the sixth largest gas producer in Egypt, producing 170 million standard cubic feet of gas per day, 4,000 barrels per day of associated condensate, and 250 tonnes of liquefied petroleum gas a day. It owns a 100-percent stake in three onshore concessions in the Nile Delta through its subsidiary Dana Gas Egypt. According to the company's website, all natural gas and liquids produced from these concessions are sold on the domestic market. “The company is working to further increase gas and condensate production for electric power generation and fuel supply in Egypt, and has a track record of expediting the tie-in of new discoveries,” said the press release. Egypt has witnessed ongoing power outages with the onslaught of summer, as rising energy demand has outstripped supply of imported fuels. In May, Egypt's government raised the quantities of natural gas allocated to the electricity sector from 77 to 84 million cubic meters per day, in an attempt to meet rising demand, but power outages have persisted. http://english.ahram.org.eg/News/75342.aspx
