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Dana Gas makes new gas find in Egypt

United Arab Emirates: Tuesday, January 13 - 2009 at 10:42

UAE-based Dana Gas said on Monday it had made a gas and condensate discovery in Egypt that could double its gas reserves in the North African country. The discovery was made at the Salma-1 well located in the West Qantara Concession and was expected to add over 200 billion cubic feet of gas to reserves, the company said in a statement. Dana made four gas discoveries in Egypt last year, the most recent in December at the El-Basant 2 well, located in the West El Manzala Concession in the Qawasim formation.

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Jeff  Florian Jeff Florian, Senior Reporter
Tuesday, January 13 - 2009 at 10:42 UAE local time (GMT+4)

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