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Dana Gas Moves Ahead with Development of Western offshore Concession in Sharjah
DUBAI - Dana Gas, the Middle East’s first and largest regional private-sector natural gas company, is moving ahead with plans for the exploration and development of the Western Offshore concession in Sharjah.
This follows the signing of a 25-year concession agreement between Dana Gas and the government of Sharjah in March 2008, giving the firm a 50 per cent working interest in the project. The agreement covers a total offshore area of over 1,000 square kilometres (386 square miles), and includes the Zora gas field in Sharjah, which was discovered in 1979.
Under the agreement, the work programme carried out by Dana Gas will include the drilling of 3,000 feet of horizontal section in each of the two wells originally drilled by Crescent Petroleum, testing and completing both wells, the installation of offshore platform for immediate processing and production, and the transportation of the processed gas via 25 kilometres (15 miles) of offshore pipeline.
The agreement also provides for important exploration works within the concession area.
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