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This comes after the Israeli military announced the killing of Nasrallah, and said Israel is ready for wider escalation
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Dana Gas Announces First Production from Al Basant
SHARJAH - Dana Gas announced that it has recently started its first production from the Al Basant discovery in the West Manzala Concession in the Nile Delta region of Egypt.
The Al Basant-1 well was discovered in October 2008 and was tested at a rate of 23.5 million standard cubic feet per day of mmscfd gas and a 1027-barrels-per-day of condensate. The Al Basant-2 appraisal well was drilled, completed and tested in December 2008. Additional gas was discovered in a new zone which tested at 10.5 mmscfd gas and 150 condensate.
The Al Basant field gas reserves are currently estimated to exceed 123 billion cubic feet BCF. A third well is planned to reach an estimated target field production of 45 mmscfd before year end.
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