Dana Petroleum has been given the go-ahead by the Egyptian government to further develop 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, successfully drilled the exploration well Nefertiti-2X at the end of 2012.
The well tested at a maximum stabilised flow rate of 1,850 bbls per day with an electrical submersible pump and the field is expected to produce around 2,500 bbls per day when it comes on stream in appoximately six months.
The Nefertiti field was declared a commercial field by the two companies, along with the Egyptian General Petroleum Company, on 7 November 2012.
Nick Dancer, Dana's managing director in Egypt, said, "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.
"The Nefertiti field is a first for Dana in the sense that it is an offshore field that we have explored by drilling extended reach wells from an onshore location.
"While 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," he added.
