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Sat 11 Jul 2009 11:40 PM

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Dana Gas Sondos field 'exceeding expectations'

Project's schedule fast-tracked by tying two wells into the existing gas pipeline.

Dana Gas, the Sharjah-based natural gas company, says production from the recently discovered Sondos gas field has delivered beyond expectations.

The Sondos field, located in the West El Manzala concession in Egypt's Nile Delta region, was discovered in February 2009, with estimated gas reserves of 20 billion cubic feet and was tested at 11.1 million standard cubic feet per day (mmscfd) of dry gas.

It currently has two producing wells, Sondos-1 and Sondos-2, delivering at an average daily rate of 12 mmscfd.

Commenting, Dana Gas CEO, Ahmed Al Arbeed said: "The drilling campaign (has) achieved excellent results so far, promising to add momentum to the company's 2009 production in Egypt".

Al Arbeed added: "The discovery of the Sondos gas field was particularly significant for Dana Gas, as it is set to push the company's production rate beyond 37,000 barrels of oil equivalent per day (boepd) - its peak production rate for the first half of 2009 - compared to the 31,650 boepd on which the company's Egyptian operations ended in 2008."

The Sondos Field project's schedule was fast-tracked - taking less than a month to complete - by tying the two wells into the existing gas pipeline, to deliver the gas to the company's South El Manzala Plant.

Dr. Hany El-Sharkawi, President of Dana Gas Egypt said: "We are delighted with the results achieved in a short period which exceeded all expectations. These promising results will continue to boost the company's production."

In addition to its activities at the Sondos Field, Dana Gas has also increased gas production at its El Basant Field, following the successful completion of the El Basant-3 development well in June 2009.

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