UAE's Dana Gas Unveils Egypt Discoveries

Dana Gas has announced two gas discoveries in the Nile Delta, Egypt. The first discovery was at ‘El Panseiya-1’ in the West El Manzala concession, with an estimated 8-13 Bscf of recoverable gas. The second discovery, ‘South Faraskour-1,’ also in the West El Manzala concession, is estimated to hold recoverable reserves of 27-57 Bscf  of gas with associated condensate.

The second discovery, South Faraskour-1, encountered 20 metres of net pay in the Abu Madi formation and 1.4 metres in the Kafr El Sheikh formation. “These 2 wells are set to start in 2010. We still have a sizeable portfolio of drillable prospects and our exploration activity will continue throughout the year, as will our development activities,” said Hany El Sharkawi, Dana Gas Egypt president.- Arabian Oil and Gas