September well nears target depth

Results are due early next month from a well on the September prospect in the North Ghara concession, offshore Gulf of Suez, Egypt.

Offshore staff

CAIRO -- Results are due early next month from a well on the September prospect in the North Ghara concession, offshore Gulf of Suez, Egypt. According to partner Dana Petroleum, the well – operated by BP, is at a current depth of around 8,200 ft (2,499 m), with the reservoir target anticipated at around 14,000 ft (4,267 m).

Dana itself will drill two exploratory wells shortly in the West Burullus concession in the offshore Nile Delta, where it holds a 50% interest. Both will be drilled by the jackup Atwood Aurora, currently on contract with RWE-Dea for another program in the same region.

The first prospect to be drilled will be Papyrus, targeting a similar prospect to the 2008 discovery West El Burullus-1X. This well is due to spud in October, and will be followed immediately by a well on the Bamboo prospect, targeting a deeper, large channel complex.

08/04/2009

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