Aberdeen-based oil firm Dana Petroleum has announced that its joint venture company, Zeitco, has brought on stream two new wells that helps boost production levels in the Gulf of Suez in Egypt
Dana said production started on June 25 at the A22 development well on the East Zeit A platform with rates hitting around 2,000 bbls oil per day. The well extends the life of East Zeit field, which began producing in 1985.
Dana managing director in Egypt, Nick Dancer, said, “Dana is very pleased with the continued drilling success, especially with the successful completion of the challenging A22 well.”
The Fin-2X well also came on stream within the Lorcan development lease. The two new wells add more than 4,000 barrels of daily production and have brought Dana Egypt’s total daily production to more than 13,000 barrels.
Dana plans to drill a further 10 wells in Egypt in 2012.
The joint venture company, Zeitco, was formed last year with the Egyptian General Petroleum Company. It was set up to operate two concessions in the Gulf of Suez - East Zeit and North Zeit Bay.
READ MORE...
Kuwait Energy makes a new discovery in Egypt
Eni begins gas production offshore Egypt
Egyptian Refining Company to commence on US$3.7 billion project
