Gulf Oil and Gas accountACCOUNT

Dana Petroleum Signs Agreement to Acquire Stake in the South Feiran Concession, Offshore Egypt

Source: www.oilegypt.com 12/20/2005, Location: Africa

Dana petroleum has signed an agreement with Compania Espanola de Petroleos S.A. ("CEPSA") to acquire a stake in the South Feiran Concession, located in the Gulf of Suez, offshore Egypt. This deal builds upon the recently announced agreement with Gaz de France to acquire an interest in the West El Burullus area of the offshore Nile Delta region of Egypt. Following completion of the transaction, which is subject to normal regulatory and partner approvals, the South Feiran partners will be Dana 20%, IEOC Exploration (a subsidiary of Eni) 50% and operator, and Phoenix Redux Inc. 30%.

The South Feiran Concession covers an area of 349 square kilometres, with relatively shallow water depths in the range of 50 to 80 metres. The licenced area is surrounded by significant producing oil fields and associated oil and gas production infrastructure, including the very large Belayim fields which are estimated to have contained initial reserves in excess of 2.5 billion barrels of oil. A 3D seismic survey is now being planned over the high-graded eastern portion of the concession, with the objective of better defining a number of potential prospects already identified from earlier 2D seismic data. Exploration drilling is targeted for 2007.

Exploration News in Egypt >>

Norway >>  11/12/2019 - ConocoPhillips Scandinavia, operator of production licence PL 782 S, has concluded the drilling of wildcat well 25/7-7. The well was drilled about 15 ...
United Kingdom >>  11/12/2019 - On 10 July 2019 the Oil and Gas Authority (OGA) launched the 32nd Offshore Licensing Round. After being open for 120 days, the round closed today (12 ...

Iran >>  11/10/2019 - Iranian President Hassan Rouhani announced the discovery of a new oilfield in the south-western province of Khuzestan. ...
China >>  11/8/2019 - Further to the announcement of 28 October 2019, Horizon Oil advises that the WZ 6-12 M1 exploration well, Beibu Gulf, People’s Republic of China, has ...

Norway >>  11/8/2019 - Aker BP, operator of production licence PL 019 C, has concluded the drilling of wildcat well 2/1-17 S. The well was drilled about 10 kms south of the ...
Brazil >>  11/7/2019 - On November 7, ANP will hold the 6th Round of Production Sharing Bids, in which it will offer the blocks called Aram, Boomerang, Southern Cross, South...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |

Oil & Gas Projects in Egypt >>

More News

Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.