WEPCO to add 2 new drilling wells to production line for USD 12 mn - ENTERPRISE

Thursday, 16 July 2020

The Western Desert Operating Petroleum Co. (WEPCO) will add two new drilling wells to its production line which includes the Badr-1 and EDC 9 natural gas wells at a cost of USD 12 mn, Chairman Ibrahim Masoud announced during a tour of the site on Monday, Youm7 reports. 

The report did not include a time frame for drilling the new wells.

Energean identifies Zeus as next drilling target offshore Israel - OFFSHORE MAGAZINE

Nov 13th, 2019

ATHENS, Greece – Energean plans a 5.4-km (3.36-mi) subsea tieback of its recent Karish North discovery offshore Israel to the FPSO Energean Power.

This follows completion of side track appraisal operations at the well, which have confirmed a best estimate recoverable resource of 0.9 tcf of gas and 34 MMbbl of light oil/condensate (combined around 190 MMboe).

The Energean Power is being constructed with a gas production capacity of 8 bcm/yr (775 MMcf/d).

The drillship Stena DrillMAX has now relocated to complete the three Karish Main development wells, after which the vessel will drill the Zeus exploration prospect, targeting 0.6 tcf across three reservoir intervals.

Eni to drill tenth well in Egypt’s Zohr field next January - ENTERPRISE

Monday, 3 December 2018

Italy’s Eni will begin drilling its tenth well in the Zohr gas field in January 2019 at a cost of USD 300 mn. 

The addition of the tenth well is expected to boost output production by 200 mcf/, and is predicted to take two months to complete. 

Production from the tenth well remains dependent on Eni’s sixth treatment plant, which is currently under construction and expected to be completed by 1Q2019. 

The company recently had to close the ninth well in Zohr after drilling due to lack of capacity at its treatment plants.

Eni finishes drilling ninth well in Zohr field - ENTERPRISE

Wednesday, 21 November 2018

Italy’s Eni has completed drilling work on Zohr’s ninth deepwater well at a cost of USD 300 mn, according to an industry source. Early tests put initial production levels at 150 mcf/d.

The well was closed after the company finished drilling due lack of capacity at the treatment plant, but will enter production by the end of the year once the sixth gas treatment plant is completed. 

Production from the ninth well will increase Eni’s Zohr production to 2.25 bcf/d. Zohr’s total output will reportedly reach 2.95 bcf/d by the time the field’s development is complete in July 2019. 

Eni had previously estimated the field’s final output would reach 2.7 bcf/d.

Drilling down: Dana Gas CEO Dr Patrick Allman-Ward - ARABIAN BUSINESS

Saturday, 14 January 2017, 1:16 AM
Neil Halligan

Years of frustration appear to be ending for Dana Gas, who look set to capitalise on investments in both Kurdistan and Egypt to spur its next cycle of growth.

Dana Gas should have made more headlines than it has.

The Middle East’s largest private sector natural gas company has the potential to become one of the major regional players in the energy industry. But its less-than-expected real growth has little to do with the fall in oil prices, and more to do with government frustrations and a lack of opportunities.

When the Sharjah-based firm listed in 2005, investors clamoured for the opportunity to take part in the initial public offering. The interest saw the share price skyrocket five-fold within a week, but it has since crashed from AED4.71 ($1.28) in December 2005 to 55 fils (15 cents).

But prospects are brightening.