Dana Gas signs agreement for concession off Nile Delta

Dana Gas PJSC signed an agreement for the North El Arish Block 6 concession off the Nile Delta, according to a company announcement. The Sharjah-based company was awarded 100% interest in the concession last April after blocks were put up for bid by the Egypt Natural Gas Holding Co. (OGJ Online, April 22, 2013).

Dana Gas says it has already begun a 4-year exploration phase that will include acquiring seismic data and drilling an exploration well. The 2,980 sq km Block 6 sits in waters as deep as 1,000 m and is near other large gas finds in the Levantine basin.

The company further said it was awarded the 32 sq km Balsam development lease in the West El Manzala concession, Nile Delta region. This brings the company’s total number of leases to 13.

Dana Gas said its total average 2013 production was 36,700 boe/d.