​​​ Dana Gas Egypt is 100% operator of 5 concession areas and 50% non-operator of 1 concession area of which 5 are onshore Nile Delta and 1 offshore Mediterranean. During 2015, the Company produced 59.4 bcf of gas and 2.5 MMbbls of liquids, for an average of 33.9 MMboe/d from 14 development leases.

In the second quarter of 2015, the Company commenced a 3 rig drilling program in the Nile Delta. Balsam-2 successful drilling and Balsam-3 discovery added 98 bcf to the field’s proven and probable reserves, bringing gas initially in place to approximately 409 bcf (70 MMboe) across the both Balsam fields. Balsam-2 well came on stream in late 2015 and along with Balsam-1 and Balsam-3, the Balsam field is cumulatively producing 24 MMscf/d (5,000 boe/d including condensate) has partly offset the natural fields decline. Based on Balsam-3 results, further 2 exploration wells and 1 development well are planned within development lease in 2016.

In May 2015, Dana Gas completed an agreement with BP for the drilling of the first deep target exploration well (Mocha-1) in El Matariya (Block-3) onshore concession area. Under the terms of the agreement, BP as operator will carry Dana Gas for its 50% share of the cost of the well, subject to an agreed cap of $39 million. Expected spud date for Mocha-1 exploration well is mid April 2016. In October 2015, circa 1,800 sq km of full fold 3D seismic was acquired in North El Arish (Block-6) offshore concession area whereas related processing is starting in first quarter of 2016. Drilling of the first exploration well in Block-6 is scheduled in the first quarter of 2018. The reprocessing of circa 800 line km of 2D vintage seismic data of North El Salheya (Block-1) onshore concession is scheduled during the first half of 2016 and 4 exploration wells are planned in 2017.

The focus for 2016 will be to capture the full potential and secure larger area in Balsam development lease through drilling of 2 additional exploration and 1 additional development wells. Drilling campaign will continue along with series of projects in the Nile Delta to increase the processing capacity of rich gas to 250 MMscf/d before end of year.

   

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In the Gulf of Suez, Dana Gas holds a 26.4% interest in a LPG recovery plant with capacity to extract up to 130,000 tons per annum of LPG from a gas stream of 150 MMscf/d. The plant has processed up to its full capacity during the year.


 

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​​​​​​​​​​​​​NILE Delta

EGYPT Nile Delta Dana Gas, via its subsidiary Dana Gas Egypt, owns a 100% interest in three concessions onshore Nile Delta, the El Manzala, West...