United Arab Emirates-based independent Dana Gas inked a gas production enhancement agreement with Egyptian Natural Gas Holding and Egyptian General Petroleum Tuesday, paving the way to boost production at Dana’s Nile Delta assets.
Dana will undertake a staged work program over a seven year period that is expected to start in the next few months.
First export sales of incremental volumes of condensate will begin once tie-in activities are complete.
Dana estimates that incremental production during the work period will be 270 billion cubic feet of natural gas, eight to nine million barrels of condensate and 450,000 tons of LPG.
Dana plans to drill 37 wells and also carry out an equivalent number of workovers for existing wells.
Peak production is projected in 2017 with incremental production of 160 million cubic feet per day of gas and 5,600 bpd of condensate.
Dana was also recently awarded onshore blocks 1 and 3 in the Nile Delta.
Block 1 is an extension of Dana’s existing conventional gas assets.
Dana will hold a 50 percent stake in block 3 with BP serving as the operator and holding the other 50 percent stake.