Dana Gas has announced a new gas discovery in the Nile Delta, Egypt. The discovery was at West Sama-1 in the West El Qantara Concession.
This new field discovery comes after the first successful drilling in the Komombo Concession earlier in the second quarter of the year. The new discovery is nearby to the Sama-1 and Sama-2 dry gas discoveries in the Abu Madi formation.
The evaluated in-place resources for the West Sama-1 are between 4 to 6 Billion Cubic Feet (Bcf). The company is preparing a development plan for this discovery to be tied in to the nearby pipeline owned by Dana Gas.
“Our team in Egypt continues to deliver tremendous results. We are delighted that this exploration well has been successful. It builds upon Dana Gas Egypt’s outstanding record of discoveries," said Rashid Al Jarwan, Dana Gas Executive Director and Acting CEO.
The West Sama-1 gas discovery will be tied in to the Company’s nearby South El Manzala gas processing plant within a week.
The West Sama-1 well is the first significant dry gas discovery in the Kafr El Sheikh Formation by Dana Gas in 2012 and the twenty third as a result of the aggressive exploration drilling campaign that started in 2007 and will continue throughout 2013.