The Sharjah-based Dana Gas has announced a new oil discovery at the Al Baraka Field in the Komombo Concession in southern Egypt.
In a statement the company said that the Al Baraka-4 well tested oil with natural flow to surface at a rate of 220 bopd. It added that the well was also tested with artificial lifting at a maximum rate of 1300 bopd and that the volume of reserves discovered is under evaluation.
“Al Baraka-4 expands a new era of petroleum exploration in Southern Egypt. The fact that oil has flowed naturally to surface from a new layer with better reservoir quality demonstrates that the Komombo basin is more prolific than originally thought,” Dr. Hany Elsharkawi, Dana Gas Egypt president said.
