Gulf of Suez Drilling Pays off for Dana P

Dana Petroleum has just completed two successful appraisal/development wells in the Gulf of Suez area as a member of the Zeitco JV. Within the Lorcan development lease, the Fin-2X spud on May 12 and was drilled using the Sino Tharwa Tanmia 1 rig. The well was drilled to a total depth of 9,712 ft in the Rudies Formation.  

The company said that the Kareem Rahmi sand interval was tested at a constrained rate of 2,220 bpd of oil and 1,260 Mmscf/d of gas. This well encountered the thickest Rahmi reservoir to date in the North Zeit Bay concession, and was tied back into the Lorcan production facility near the end of June.

Offshore on the East Zeit 'A' platform the company reached total depth on the A22 development well. The well was drilled to a total depth of 12,051 ft using the Sino TharwaBahari 1 jack-up rig. The well targeted an undeveloped area of the field with poorer reservoir quality, and after drilling a 1,426-ft horizontal section within the Marker reservoir it has now been completed as an oil producer. Production started June 25 at a rate of around 2,000 bpd of oil.

Dana's managing director in Egypt, Nick Dancer, said: “Dana is very pleased with the continued drilling success through our Zeitco joint venture company, especially with the successful completion of the challenging A22 well. This is a significant well for extending the economic field life of the East Zeit field, which had its first oil production back in 1985 and demonstrates Dana’s commitment to invest in Egypt.”

Zeitco is an Egyptian JV company formed to operate the East Zeit Concession and subsequently the North Zeit Bay Concession, on behalf of the equal shareholders, EGPC and Dana Petroleum.