Project Profile
Value: US$150 million
Start-up Year: 2014
Location: Kom Ombo Upper Egypt north of Aswan city
Area: 22,000 sq km
Peak Production: 10,000 barrels per day
The concession is found in the Western Desert in Egypt, 800km south of Cairo and covers 22,000 square kilometres. The oil field produces 6,000 barrels of crude oil per day at present. The developers hope to boost production to 10,000 barrels per day in future. In 2007 Dana Gas Egypt discovered the Al Baraka field on the Concession. Three development wells were drilled on the field in 2008 and 2009, which was followed by an eight well development programme in 2010. Production from three productive zones, Abu Ballas, Six Hills E and F, reached 1000 bopd, (500 bopd net to Dana Gas) at the end of 2010.
Dana Gas had a 50% working interest in the Komombo Concession which it jointly operated with Sea Dragon Energy, however these interests were both sold to Mediterra. Effective January 1st, 2013, Mediterra, though its wholly owned subsidiary, has been operating Komombo Concession in Egypt where it is now the operator with 100% working interest. The asset offers material low risk growth.
Operators:
Mediterra Energy Corporation: Operator with 100% interest