Dana Gas Strike Rich in Nile Delta
The Begonia-1 discovery well encountered 15 m of net pay in a good quality sandstone reservoir of the Lower Abu Madi Formation. On test the formation produced 9.4 Million standard cubic feet of gas with 133 barrel condensate. The evaluated resources for the Abu Madi Lower pay zone are between 7 and 15 billion cubic feet (bcf) and around 100,000 barrels of condensate.
A notification of commercial discovery has been made to the government and the Company is preparing to submit a development plan for this discovery as part of a Development Lease application. It is anticipated Begonia-1 will be tied into the existing South Abu El Naga Field flow line which will take the gas to the El Wastani gas processing plant. Once fully developed the field will add around 1,600 boepd of production. The Company’s average output for the first five months was 33,600 boepd in Egypt.
Mr Rashid Al-Jarwan, acting CEO, Dana Gas, said: “The Company is pleased to announce another successful well discovery which will add to our production, cash flow and reserves in Egypt. We look forward to continue our appraisal drilling activities in the months to come.”