Dana Gas signs agreement for North El Arish concession in Nile Delta
Dana Gas has signed an agreement for the North El Arish concession area (block 6), offshore the eastern Nile Delta.
SHARJAH, UAE–Dana Gas has signed an agreement for the North El Arish concession area (block 6), offshore the eastern Nile Delta. The 2,980-sq-km (1,151-sq-mi) block was awarded in April 2013 as part of a competitive bidding process.
This is the company’s first offshore block in Egypt, covering water depths from 20 m (66 ft) up to 1,000 m (3,281 ft). Multiple play types have already been identified within the acreage, and plans for the first exploration phase of four years, which has now begun, includes seismic acquisition and the drilling of one exploration well.
Dana Gas has also been awarded a new development lease, known as Balsam, in the West El Manzala concession in the Nile Delta region. The lease, which is 32 sq km (12 sq mi), brings the number of current leases to 13.
Alongside the award of Balsam, Dana Gas has secured an 18-sq-km (7-sq-mi) increase at its El Basant and Sama development leases in the West El Manzala and West Al Qantara concessions, respectively.