Dana Gas, the Middle East’s largest regional non-public sector pure fuel firm, has commenced drilling operations on 20 May at its Merak-1 effectively, offshore Egypt. The location is in 755 meters of water within the North El Arish concession, often known as Block 6. This block is within the Eastern Mediterranean Basin the place different world-class big pure fuel discoveries have been made in recent times.
The Merak-1 effectively will likely be drilled with the sixth technology dynamically positioned drillship Tungsten Explorer, on rent from Vantage Drilling Services SAE, a JV between ADES International and Vantage Drilling. The effectively is deliberate to take roughly 70 days to drill.
Prospective sources to be added from this effectively within the case of exploration success may attain four trillion cubic toes (Tcf) of pure fuel. The discovery of a world-class useful resource of this measurement may simply help an offshore subject growth. If Merak-1 is profitable, extra exploration and appraisal drilling will comply with.
Dana Gas bought the Centurion belongings onshore the Nile Delta in Egypt in 2007. Since then, 48 exploration wells have been drilled with a 67% success fee leading to 25 new pool discoveries. Proved plus Probable reserves have been elevated by over 120% and manufacturing by 50%. Significant exploration potential stays in deep, Early Miocene prospects within the current growth leases and in El Mataraya Onshore which is a three way partnership block operated by BP, the place an exploration effectively is deliberate to be drilled later this yr. Dana Gas manufacturing from Egypt is at the moment over 34,000 boepd.
Dr Patrick Allman-Ward, CEO of Dana Gas, commented:
“We have commenced an thrilling exploration program in our Egypt Block 6 Concession Area. Until now, all of our Egyptian operations have been onshore the Nile Delta. Whilst we proceed to optimize manufacturing from our 14 current fields and discover new prospects within the Nile Delta area, the potential addition of recent world class fuel sources offshore presents a possibility for important progress in our Egypt enterprise that may be transformative for Dana Gas.”
Dana Gas is the Middle East’s first and largest regional non-public sector pure fuel Company established in December 2005. It has exploration and manufacturing belongings in Egypt, Kurdistan Region of Iraq.
(Source: Dana Gas – Image: Tungsten Explorer/Vantage Drilling)
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