Middle East Economic Survey


No 27



Dana Petroleum Announces Two Egyptian Oil Discoveries

Britains Dana Petroleum announced on 25 June that it has made two new onshore oil discoveries in Egypt, and is moving ahead with its 18-well 2010 drilling program. The Lorcan-1x exploration well in the North Zeit Bay production sharing contract area, operated by Dana, encountered good quality oil-bearing sands in the Kareem formation when it was drilled to 7,500ft, and flowed at up to...