Egypt: Dana Petroleum to develop Egyptian oil field

Arabian Oil & Gas Staff , January 30th, 2013

Dana Petroleum has announced that it will go ahead with the development of the Nefertiti oil field in the Gulf of Suez following the successful completion of an appraisal well.

The Aberdeen-based oil and gas company, in partnership with INPEX received the green light to develop the field from the Egyptian government after it successfully drilled the exploration well Nefertiti-2X at the end of 2012.

The well tested at a maximum stabilized flow rate of 1,850, bpd with an Electrical Submersible Pump (ESP) and the field is expected to produce around 2,500 bpd (1,625 bpd net to Dana) when it comes on stream in approximately six months.

Dana’s managing director in Egypt Nick Dancer said, “The Nefertiti field is a first for Dana in that it is an offshore field that we have explored by drilling extended reach wells from an onshore location. Whilst increasing the complexity of the wells, it reduces the drilling and subsequent development costs and reduces development time as well as protecting the offshore environment including a number of coral reefs. I’m delighted we’ve been given the green light to progress the development, and also undertake further drilling in the area to test a different play concept in the Nefertiti Field.”

Following the successful appraisal, the two companies agreed with the Egyptian General Petroleum Company on 7 November 2012 that the Nefertiti field was a commercial field. Eng. Osama Kamal, Minister of Petroleum and Mineral Resources, approved the lease on 20 January 2013.

Following the successful appraisal, the two companies agreed with the Egyptian General Petroleum Company on 7 November 2012 that the Nefertiti field was a commercial field. Eng. Osama Kamal, Minister of Petroleum and Mineral Resources, approved the lease on 20 January 2013.

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