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Dana Petroleum awarded new exploration acreage in Egyptian Western Desert
édité le 09/01/2014 - Plus de news de "DANA PETROLEUM" - Voir la fiche entreprise de "DANA PETROLEUM"
 Dana Petroleum has signed concession agreements for the West Dakhla 1 and 2 areas in the Egyptian Western Desert.
The blocks were awarded through the GANOPE Bid Round 2010. The forecasted activities in the initial exploration phase of three years include an aero-magnetic survey and 500 km of 2D seismic.
Egypt Managing Director Paul Barnett said: “These two concessions in the Western Desert are a welcome addition to the exploration portfolio. This, along with the award of the South Wadi Dara block in the Gulf of Suez we announced at the end of 2013, will help us build our exploration activities in Egypt.”
About Dana in Egypt
Our business in Egypt consists of a balanced portfolio of operated and non-operated developments in the Gulf of Suez, the Nile Delta and the Western Desert. Our portfolio of 21 development leases is currently producing approximately 9,000 barrels of oil per day. This includes the East Zeit and North Zeit Bay fields which are operated by Zeitco, an Egyptian joint venture company formed between the Egyptian General Petroleum Corporation and Dana. Our strategy is to continue to grow production and reserves through further investment in operated and non-operated developments, and deliver on our commitment to long-term people development by developing skills within Dana and our joint ventures.
About Dana Petroleum plc
Dana Petroleum plc, a wholly owned subsidiary of the Korea National Oil Corporation (KNOC), is an international oil and gas business with operations in the UK, Egypt, Norway, the Netherlands and Africa, producing 50,000 barrels of oil a day. Dana’s ambition is to become a leading international oil and gas company operating in Europe, Africa and the Middle East and aims to grow production significantly by investing up to $5 billion over the next five years to increase the size of the company and create value for our shareholder.
Origine : Communiqué DANA PETROLEUM
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