This year’s IIFA was held at the Etihad Arena
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Called the Tulip-1, the well is set to add up to 30 billion cubic feet of gas to the company’s reserves in Egypt.
This comes soon after the announcement of three previous gas discoveries in the Nile Delta area — two dry gas discoveries at the firm’s Sondos-1 and 2 wells, and one gas/condensate discovery at the Azhar-1 well.
These discoveries are the result of Dana Gas’ aggressive drilling campaign in Egypt, which began in 2008
The Tulip-1 well is located in the West El Qantara Concession, approximately 15 kilometres from the Company’s South El Manzala gas processing facilities and 7 kilometres from the Salma Delta-1. The well has a total depth of approximately 2,200 metres within the Messinian Abu Madi formation.
The production test yielded production of 11.4 million standard cubic feet per day of gas and 318 barrels of condensate per day.
“The discovery at the Tulip-1 well represents our fourth discovery in our 2009 drilling campaign,” said Ahmed Al Arbeed, Chief Executive of Dana Gas.
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