Project Profile
Value: Undisclosed
Location: South October concession, offshore of the Gulf of Suez, Egypt
Reserves: 40 million barrels of oil
Production: 2,500 b/d
Start-up Year: September 2013
Dana Petroleum has been given the go-ahead by the Egyptian government to further develop the Nefertiti oil field in the South October concession, offshore of the Gulf of Suez in Egypt, following the successful completion of an appraisal well. The company, in partnership with INPEX, successfully drilled the exploration well Nefertiti-2X at the end of 2012. The well tested at a maximum stabilised flow rate of 1,850 barrels per day (b/d) with an Electrical Submersible Pump (ESP), and the field is expected to produce around 2,500 b/d (1,625 b/d net to Dana) when it comes on stream in around six months. Following the successful appraisal, the two companies agreed with the Egyptian General Petroleum Company on Nov. 7, 2012 that the Nefertiti field was a commercial field. Nefertiti field\'s reserves, being targeted based on 3D seismic mapping, are estimated to contain about 40 million barrels of oil. Dana\'s interest is 65% and the remaining 35% is held by INPEX Corporation.
Operators:
Dana Petroleum: Operator with 65% interest
INPEX Corporation: 35% interest