Dana Gas reported a natural gas discovery with its Orchid-1 well in the West Manzala concession of the Nile Delta. The find marks the firm’s ninth discovery in the region in recent months.
Dana said Orchid-1 was drilled 1.3 km west of its Azhar-1 well, and was spudded on Dec. 15, 2009, reaching a total depth of 1,700 m in the Pliocene Kafr El Sheikh formation.
The well found 8.4 m of net pay of excellent sand reservoir of Kafr El Sheikh formation, and tested dry gas at 12.6 MMscfd.
Dana said it is currently studying the options for producing Orchid-1 through either its El Wastani or South El Manzala gas plants.
“The preliminary estimated recoverable reserves of the Orchid discovery range between 10-50 bcf of dry gas, pending further appraisal,” the firm said.
Dana said the find follows its eight previous gas discoveries in Egypt announced in 2009: Salma-1, West Manzala-2, Azhar-1, Tulip-1, Sharabas-1, Sama-1, Faraskur-1, and Marzouk-2.
As a result of the finds, Dana said it has successfully achieved its yearend production target for Egypt operations by delivering a production rate “in excess of 40,000 boe/d.”
Overall, Dana Gas Egypt said it has delivered an average production rate of 34,750 boe/d during 2009. Compared to 2008, this represents an increase of 27% on the end of year production rate and is a 20% increase on the average daily production rate.
Source: www.ogj.com
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