Project Profile
Value: Undisclosed
Location: Nile Delta, eastern part of the Mediterranean Sea, Egypt
Area: about 736,374 acres
Water Depth: Around 3,281 feet
Start-up Year: -
Dana Gas received a 100% working interest in the North El Arish Block 6 concession area in the Nile Delta. This concession is situated in the eastern part of the Mediterranean Sea that lies in water depths that range in or around 3,281 feet spanning about 736,374 acres. The concession area has an eight-year exploration period that includes three phases, an initial four-year exploration period and two additional two-year extension periods. A 20 year development lease period will be granted based on an approved commercial discovery. Dana expects to posses the concession in late 2013 following regulatory approval. The company currently produces gas and associated liquids from 10 fields in the Nile Delta. In 2012, the company produced around 32,200 barrels of oil equivalents per day with hopes of increasing this amount in 2013 as compression facilities were added and new fields were brought online.
Operators:
Dana Gas: Operator with 100% interest