The UAE-based gas company Dana Gas has announced that it has made a major gas discovery at one of its concessions in the Egyptian Nile Delta.
The Tulip-1 well is set to add up to 30 billion cubic feet of gas to the company’s reserves in Egypt. This comes soon after the announcement of three previous gas discoveries in the Nile Delta area: two dry gas discoveries at the firm’s Sondos-1 and 2 wells, and one gas/condensate discovery at the Azhar-1 well.
“The discovery at the Tulip-1 well represents our fourth discovery in our 2009 drilling campaign,” Ahmed Al-Arbeed, CEO of Dana Gas said.
“We are delighted that the extensive prospect generation effort, followed by a very effective drilling campaign, continues to produce positive results into 2009 following the outstanding results of 2008, which will further boost the company’s production,” he added.
The well encountered 11 meters of net pay in a good quality sandstone reservoir of the Abu Madi formation. The production test yielded production of 11.4 million standard cubic feet per day of gas and 318 barrels of condensate per day.
