Dahab North prospect drilling begins

The Transocean jackup GSF Rig 102 has begun drilling the Dahab North prospect in the East Wadi Araba (EWA) concession offshore Egypt, according to Sea Dragon.

Offshore staff

CALGARY, Canada --The Transocean jackup GSF Rig 102 has begun drilling the Dahab North prospect in the East Wadi Araba (EWA) concession offshore Egypt, according to Sea Dragon.

Sea Dragon intends to drill five development wells in the Dahab North prospect and the EWA concession with an initial production rate per well of 4,500 b/d. The company estimates a total of 161.27 MMbbl of undiscovered petroleum to be in place.

12/01/2008

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