Oil Egypt accountACCOUNT King Tut

Dana Gas Provides Market Update on Its Drilling Program

Source: www.gulfoilandgas.com 3/2/2017, Location: Egypt

Share |
Dana Gas, the Middle East’s leading regional private sector natural gas company, provides a market update on its BP-operated Mocha-1 well, drilled in the El Matariya (Block 3) onshore concession in Egypt.

The Mocha-1 exploration well on Block 3 has been completed. The well reached the top of the targeted Oligocene at a depth of 5,375 metres and reached total depth at 5,940 metres, making it the deepest onshore Nile Delta well drilled to date. The well was drilled through the Messinian (conventional) to Oligocene (deep) targets and encountered hydrocarbons. Whilst the Messinian objective encountered wet gas, the primary Oligocene target did not encounter gas in commercial quantities and the well has been P&A’ed. This important exploration well has helped to de-risk other Oligocene prospects and has proven the presence of a working petroleum system in the onshore Oligocene for the first time. The data is being analysed and evaluated to determine further followup potential.

Under the terms of the agreement signed in June 2015, Dana Gas farmed-out Block 3 to BP, which thereby became the operator with 50% equity share with the Company holding the remaining 50% working interest. BP agreed to carry Dana Gas for its 50% share of the cost of the well. Consequently Dana Gas has achieved its objective of drilling this important calibration well at no cost to itself.

Dr Patrick Allman-Ward, Chief Executive Officer of Dana Gas, said:

“The Mocha-1 well is part of a multi-well exploration drilling program we have in place to target material opportunities in Egypt. While not itself commercial, the well results have de-risked further exploration by demonstrating the presence of the Oligocene reservoirs in this location in the basin for the first time and has proven the presence of a working petroleum system. We will use all the information and data collected to refine our understanding of the play and maximize our chances of drilling a commercial gas discovery elsewhere in our exploration acreage. We remain excited about the potential opportunities remaining in our portfolio in Egypt, especially in our Block 6 offshore concession, North El Arish.”

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Egypt >>  10/9/2017 - Rosneft closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterran...
Egypt >>  10/6/2017 - Italian oil major Eni is betting billions on Luca Bertelli being able to achieve something he’s been doing since he was nine years old: spotting thing...

Egypt >>  10/5/2017 - SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that an oil discovery has been made by the Rabul 2 Well in the W...
Egypt >>  10/3/2017 - GlobalConnect Ltd, a newly established Oil and Gas Exploration and Production company with focus on MENA (Middle East and North Africa) region, has an...

Egypt >>  9/26/2017 - Egypt is expected to receive a third installment of around $2 billion of its $12 billion IMF credit programme after a second review at the end of this...
Egypt >>  9/25/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources announced that 2018 will witness revealing the Petroleum Ministry’s new strategy for ...

Related Categories: Camp Building  Cleaning Equipment, Services  Construction Contractors  Corrosion Products/Services  Diving Contractors  Exploration  Food Supplies  General  Labor Services  Maintenance and Repair  Offshore/Onshore Construction  Oil & Gas Companies  Pipeline Services  Safety Services  Service Companies  Skilled Labors  Subsea Production  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Water Supply Services  Welding Products/Services 

Related Articles: Construction Contractors  Exploration  General  Labor Services  Maintenance and Repair  Offshore/Onshore Construction  Oil & Gas Companies  Pipeline Services  Safety Services  Subsea Production 

More News

Oil & Gas Projects in Egypt >>

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us