REGIONAL ROUND-UP
Dana Gas announces two gas discoveries in Egypt
The second discovery, ‘South Faraskour-1’, also in the West El Manzala Concession encountered 20 metres of net pay in the Abu Madi formation and 1.4 metres in the
Total starts second train of Yemen LNG plant Total’s second train of the Yemen LNG natural gas liquefaction plant has started production. Together with the LNG production from the first train, this will enable the Yemen LNG plant to reach full capacity. The Yemen LNG project is a $4.5 billion investment and total production capacity reaches 6.7 million tonnes of LNG per year. “The commissioning of the second Yemen LNG train ahead of schedule represents another major step in the history of our partnership in Yemen, where we have been present for over twenty years” said Yves-Louis Darricarrère, President of Total Exploration & Production. “I would like to thank our project teams for their commitment, hard work and constant attention to industrial safety. Thanks to them, the first liquefaction train had reached its plateau production very quickly. This start-up will cement Total’s position as a top-tier global LNG producer,” he added.
48
May-June, 2010
Picture courtesy: Dana Gas
Dana Gas PJSC, has announced two gas discoveries in the Nile Delta, Egypt. The first discovery was at ‘El Panseiya-1’ in the West El Manzala Concession, which encountered 11 metres of net pay in the Kafr El Sheikh formation and produced 10 million standard cubic feet per day (mmscfpd) of dry gas. The preliminary estimate of the recoverable reserves is from 8-13 billion cubic feet (bcf) of gas.
Kafr El Sheikh formation. The well tested 16.3 mmscfpd of gas with condensate. The preliminary estimate of the recoverable reserves is 27-57 bcf of gas with associated condensate.
Both the El Panseiya-1 and South Faraskour-1 discoveries are expected to be tied in to the company’s nearby El Wastani gas processing plant by the end of 2010. Ahmed Al Arbeed, Dana Gas CEO said, “Our team in Egypt continues to deliver tremendous results. We are delighted that these two exploration wells have been successful. They build upon Dana Gas Egypt’s outstanding 2009 achievement of eight discoveries from twelve exploration wells, which resulted in a 40 per cent increase in proved plus probable (2P) reserves to 132 million barrels of oil equivalent at the end of the 2009.”
Partners award $500m Rumaila oil drilling contracts in Iraq UK oil major BP has awarded a series of new contracts for drilling work at the Rumaila oilfield in Iraq. The contracts are worth a combined $500m and cover the drilling of 49 wells at the field, Reuters reports. Chinese drilling firm Daging Oil Field Company and a joint venture of the US’ Schlumberger and state-owned Iraq Drilling Company will each drill 21 new wells. The US’ Weatherford was awarded the contract to drill the remaining seven wells. A contract to drill six more wells will be tendered at a later date if the initial contractors are successful. BP and its consortium partner, Chinese National Petroleum Corporation (CNPC) signed a 20-year development contract for the 17-billion-barrel field in the Basrah province in June 2009 in Iraq’s first post-war oilfield bid round. The two companies plan to invest $15bn over the duration of the contract.