Dana plans four wells off Egypt

Dana Petroleum has started drilling two wells offshore Egypt, and plans at least two further wells in its offshore concessions this year.

Offshore Staff

ABERDEEN, UK-- Dana Petroleum has started drilling two wells offshore Egypt, and plans at least two further wells in its offshore concessions this year.

The current wells target the Papyrus prospect in the offshore Nile Delta, and RAD-3x well, offshore Gulf of Suez. Later, the company will turn its attention to the Bamboo prospect in the Nile Delta and another target in the Gulf of Suez
Last year, Dana says, production was lower than expected from its East Zeit offshore field, where the C2 well started cutting water in late 2008. However, the decline was stemmed following workover.

Offshore Morocco, Dana discovered gas last year in the Anchois structure, where results were in line with pre-drill expectations. This year, 3D seismic will be acquired over the block to refine a large number of other prospects, with drilling set to resume in 2011.

Farther down the African coast, Dana is lining up a well in the Cormorant prospect in Mauritania’s offshore block 7. The aim is to prove sufficient volumes of gas to reach the commercial threshold for a development, in combination with the Pelican discovery.

Earlier this week, Dana and Hyperdynamics executed a joint operating agreement concerning a production sharing contract offshore Guinea. The companies are currently acquiring a large 2D seismic survey over the area, to be followed by a 3D survey later this year over the main prospects, with a view to drilling towards the end of 2011.

01/29/2010

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