Egypt: Dana Petroleum Adds Gulf Of Suez Oil Output

Dana Petroleum PLC, a unit of Korea National Oil Corp., said two appraisal-development wells have boosted production along the Gulf of Suez in Egypt.

Fin-2X went to 9,712 ft and flowed at a constrained 2,220 b/d of oil and 1.26 MMscfd of gas from the thickest Rahmi sand reservoir found to date on the North Zeit Bay concession. It was tied back to the Lorcan production facility on June 24.

Meanwhile, the A22 development well on the East Zeit A platform went to 12,051 ft. It targeted an undeveloped area of the field with poorer reservoir quality. After drilling a 1,426-ft horizontal section in the Kareem Marker formation, it has been completed and went on production at about 2,000 b/d of oil. The well extends the life of East Zeit field, which began producing in 1985.

The operator is Zeitco, Dana Petroleum’s joint venture with Egyptian General Petroleum Corp. Dana Petroleum has 100% working interest in both concessions.

Dana Petroleum, which has more than 13,000 b/d of net working interest production in the Nile Delta, Western Desert, and Gulf of Suea, plans to drill more than 10 further wells in Egypt in 2012.

Egyptcmnews