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Dana Gas announces new find in Egypt

Begonia-2 is expected to produce 141,583 cubic metres (5 mcf) of gas per day and is the first of 11 wells planned in a USD 100 million programme to boost company reserves and gas output in Egypt. The well is located in the New El Manzala concession and operated by El Wastani Petroleum Company, a joint venture between Dana Gas and the Egyptian Natural Gas Holding Company.

Egypt awards seven new oil and gas blocks

Cheiron Petroleum Corporation was awarded the North Sitra and East Sidi Barani blocks and will drill four exploration wells. Apache Corporation received West Kanayis-K to support ongoing developments in the Western Desert. Pharos Energy secured South Abu Sennan, committing to three wells. IPR Energy Group will drill three wells at South Wadi El Rayan. A consortium of NPC and GHP will target mature fields G and HNW, planning seven wells to boost production.