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Dana Petroleum Awarded New Exploration Acreage in Egypt

Source: www.gulfoilandgas.com 1/9/2014, Location: Africa

Dana Petroleum has signed concession agreements for the West Dakhla 1 and 2 areas in the Egyptian Western Desert. The blocks were awarded through the GANOPE Bid Round 2010. The forecasted activities in the initial exploration phase of three years include an aero-magnetic survey and 500 km of 2D seismic.

Egypt Managing Director Paul Barnett said: “These two concessions in the Western Desert are a welcome addition to the exploration portfolio. This, along with the award of the South Wadi Dara block in the Gulf of Suez we announced at the end of 2013, will help us build our exploration activities in Egypt.”

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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