Dana pursuing further gas in Nile Delta

Dana Petroleum has brought forward a two-well exploration program in the West El Burullus concession in Egypt's offshore Nile Delta.

Offshore staff

CAIRO --Dana Petroleum has brought forward a two-well exploration program in the West El Burullus concession in Egypt's offshore Nile Delta.

The first well, on the Papyrus prospect, should now spud in September, and will target gas at a similar horizon to the 2008 discovery West El Burullus-1. Dana says its main aim is to prove further gas volumes in this area to optimize development planning.

In November, Dana aims to drill the second well on the large Bamboo prospect, targeting deeper, high pressure gas reservoirs.

Dana will also participate in a well on BP's September prospect in the North Ghara license in the Gulf of Suez, due to spud next month.

In the producing East Zeit field in the Gulf of Suez (Dana 100%), the water-cut on the C2 well, drilled last year, has risen more sharply than expected. This has cut production from the field by around 3-4,000 boe/d.

Currently Dana is performing workovers in an attempt to offset the decline, and it is also evaluating longer-term infill well opportunities.

05/19/2009

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