Dana Makes Egypt Gas Find

9 February 2010 (Last Updated February 9th, 2010 18:30)

British oil and gas producer Dana Petroleum said it has made a second gas find off the Egyptian coast. The discovery was made in the West El Burullus concession offshore Nile Delta, a concession and discovery area that Dana jointly owns with GDF Suez. Well flow rates from th

British oil and gas producer Dana Petroleum said it has made a second gas find off the Egyptian coast.

The discovery was made in the West El Burullus concession offshore Nile Delta, a concession and discovery area that Dana jointly owns with GDF Suez.

Well flow rates from the latest discovery at the Papyrus-1X well, which followed a previous find at the neighbouring WEB-1X well, were up to 33 million standard cubic feet per day with 442 barrels of condensate a day, the company said.

"The Papyrus discovery reinforces the attractiveness of other prospects already identified within the West El Burullus concession, including larger targets at the deeper Miocene and Oligocene levels," said Dana's chief executive Tom Cross.

The company said it will also move on to drill the deeper and larger Bamboo structure in the coming weeks.