Emirati-based Dana Gas targets raising production capacity of its local partner in Egypt, El Wastani Petroleum Company (WASCO), to 235 million cubic feet of natural gas and 8,200 barrels of condensates daily.
The current production of WASCO is estimated at 195 million cubic feet of natural gas and 6,200 barrels of condensates per day.
The Emirati firm showcased its plan to raise production capacity during its meeting with Egyptian Oil Minister Tarek El-Molla on Sunday.
El-Molla met with Iman Hill -Technical Director and General Manager UAE and Egypt- and General Manager of Dana Gas-Egypt, Michael Pyszka, El-Molla to discuss company’s plans to explore gas and oil in its concession areas in Nile Delta.
During the meeting, the Emirati firm talked over renting and installing temporary natural-gas processing unit to accommodate the increase in production capacity until finishing current expansions in the main processing plant of WASCO.
The meeting was attended by Mohamed El Masry -Chairman of Egyptian Natural Gas Holding Company (EGAS)- and Head of the Egyptian General Petroleum Corporate (EGPC), Tarek El Hadidy.
During the meeting, both sides discussed drilling wells within the second half of 2017 since Dana Gas plans to drill two new wells in addition to its third exploratory well in East Balsam field.