Dana Gas starts production from new discoveries in Egypt
- Egypt: Wednesday, March 06 - 2013 at 09:10
- PRESS RELEASE
Dana Gas PJSC, the Middle East's first and largest regional private sector natural gas company, has announced the West Sama-1 and Allium-1 fields in Egypt have commenced commercial production, less than 2 months after initial well testing was conducted.
Mr. Rashid Al Jarwan, Executive Director and Acting CEO of Dana Gas said: "We are pleased to announce the successful tie-in of these two discoveries. The wells increase our production by 20 million cubic feet per day, providing much needed additional production to the Egyptian market and maintaining vital supplies of gas for power generation."
Dr. Patrick Allman-Ward, Dana Gas Egypt General Manager commented: "Dana Gas is well positioned to bring new discoveries on stream due to the onshore location of our assets where tie-ins to our existing pipelines and processing infrastructure can be made quickly, relatively inexpensively and ensures a high return on our new gas discoveries".
Production from the two wells is expected to add 3,450 boepd (20 MMcf/d) to the Company's 2012 Egypt year-end output rate of 32,000 boepd.
Dana Gas is continuing constructive discussions with the authorities on our remaining outstanding receivables, having received $163m from the Government in 2012.
Dana Gas is currently the 6th largest gas producer in Egypt. Dana Gas Egypt operates in the Nile Delta through the El Wastani Petroleum Company (Wasco), Dana Gas' joint-venture company with the Egyptian Natural Gas Holding Company (EGAS). The Company is working towards increasing gas and condensate production for electric power generation and fuel supply in Egypt, and endeavors to expedite the tie-in of new discoveries to support the Egyptian people in the development of this key resource.
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.