Dana Gas Egypt’s production output was 13% higher on a half-yearly comparable basis, 39,300 versus 34,850 boepd. The Company recorded a 3% jump in quarterly production, 37,650 boepd in Q2 2017 versus 36,550 boepd in Q2 2016.
The planned shutdown of the El Wastani Gas Plant was successfully completed in June 2017. There was a complete shutdown for five days for critical inspection and maintenance and a further partial shutdown for four days. The work was conducted by Egyptian contractors and the work was concluded with no recordable incidents or environmental spills, reflecting an excellent HSSE performance. The shutdown was necessary for the Company to improve plant performance and allow it to maintain production at just under 40,000 barrels per day until the end of the year.
The Company has started preparation work on the 100%-owned North El Salhiya (Block 1) concession for its drilling campaign in quarter four 2017. Three onshore wells will be drilled: North El Basant, ESAEN-1 and Bahy-2. Any exploration success and future production can be easily monetised through the existing infrastructure in place. Work is also progressing regarding the North El Arish (Block 6) offshore concession in the Eastern Nile Delta, with drilling scheduled for early 2018.
A second Wastani condensate cargo was sold internationally in July, following on from the first cargo sale in April. These cargos are a direct result of the Gas Production Enhancement Agreement put in place with the relevant Egyptian government agencies in August 2014. The cargo was 157,000 barrels at a total price of US$ 7.0 million.
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