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UAE's Dana Gas Makes 2 new Egypt Finds - ASHARQ AL-AWSAT English Archive
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CAIRO, (AP) – Dana Gas said Sunday it had made two new gas discoveries in Egypt, finds that will further boost the United Arab Emirates-based producer’s extensive holdings in the country.

The company said the first discovery in the West El Manzala concession produced 10 million standard cubic feet per day of dry gas, with preliminary estimates of recoverable reserves of 8 to 13 billion cubic feet of gas.

The second find, also in the same concession, produced 16.3 million standard cubic feet per day of gas with condensate and preliminary recoverable reserves are 27 to 57 billion cubic feet of gas with associated condensate.

Last year, the company announced eight discoveries from 12 exploration wells, boosting its proved plus probable reserves by 40 percent to 132 million barrels of oil equivalent, Ahmed Al Arbeed, Dana’s chief executive, said in a statement.

The two discoveries are expected to be tied into the company’s El-Wastani gas processing facility by the end of 2010.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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