Middle East Economic Survey


No 22



Dana Gas Announces Fourth Discovery In Nile Delta This Year

Dana Gas announced its fourth Egyptian gas discovery this year, on 23 May, with the Tulip-1 exploration well at its West El-Qantara concession. The well was drilled to a total depth of approximately 2,200ms within the Messinian Abu Madi formation and encountered 11ms of net pay, and is expected to add up to 30 bcf of gas to the companys reserves in Egypt, the Abu-Dhabi listed firm...