Middle East Economic Survey
Dana Petroleum Makes New Egypt Oil Discovery
Britains Dana Petroleum has made a new oil discovery in Egypt, its second on the onshore North Zeit Bay production sharing contract (PSC) area in the Gulf of Suez, at the Fin-1x exploration well, it said on 30 July. The well was drilled to a total depth of 10,038ft about 3km from the Lorcan oil discovery, encountered on the Lorcan-1x well in June, which flowed at 4,714 b/d (MEES, 5 July). The...