The Aberdeen-based Dana Petroleum has completed the appraisal of two developmental wells in the Lorcan development lease located in the Gulf of Suez area.
Drilling the first well, dubbed Fin-2X, started on the 12th of last of May using the Sino Tharwa ST-1 rig.
The well has reached the depth of 9,700 feet at the Rudies formation.
Initial tests were conducted at a constrained rate of 2,220 barrels of crude oil and 1,260 million cubic feet of natural gas per day, after which it was tied to the Lorcan production facility of the 24th of June.
The second well, namely A22, was drilled offshore utilising the Sino Tharwa Bahri 1 jack- up rig, reaching a total vertical depth of 12,000 feet in the Kareem Marker formation.
Despite initial targeting of an undeveloped area o the reservoir, further vertical drilling within the Kareem Marker formation resulted in the completion of the well as commercial oil producer, which started production on the 25th of June, yielding an average of 2,000 barrels of oil per day.
Commenting on the new achievement, Dana Petroleum’s Country Manager Nick Dancer said, “‘Dana is very pleased with the continued drilling success through our Zeitco joint venture company, especially with the successful completion of the challenging A22 well.
This is a significant well for extending the economic field life of the East Zeit field, which had its first oil production back in 1985 and demonstrates Dana’s commitment to invest in Egypt.”
Zeitco is a joint venture company between Dana Petroleum and the Egyptian General Petroleum Corporation (EGPC,) that was founded to operate to North Zeit Bay concession.
Dana’s daily production has reached an average of 13,000 barrels per day in Egypt and plans to drill another 10 wells for the rest of 2012.