almal > RightWingAd
almal > LeftWingAd

Egas awards exploration licence in Nile Delta to DEA

Thursday 14 February 2019 01:53 PM


The Egyptian Natural Gas Holding Company (Egas) has awarded one new exploration licence in onshore Nile Delta to Germany’s DEA, an international oil and gas company, in its 2018 Bid Round.

The East Damanhour exploration block (originally offered as Block 10) is covering 1,418 sq km and is located west of the Disouq development leases, where DEA is the operator with a licence share of 100 per cent.

“We are pleased with the award of this licence, which is in line with our ambition to strengthen our business in Egypt,” says Sameh Sabry, DEA’s general manager in Egypt. “The block is located in DEA’s core region in the Onshore Nile Delta, where we successfully explore the Messinian and Pliocene plays as operator since 2004. The extensive knowledge and experience we gained over the years, the right set of skilled experts and our nearby infrastructure will offer us very good conditions to continue this exploration efficiently.”

“The proximity of DEA’s Disouq central processing plant and infrastructure provides us with an operational edge, which would enable accelerated development of any discovered volumes as well as considerable synergies and cost optimizations. In addition, the block offers significant potential in pre-Messinian structures, which is in line with our ambition to further grow in Egypt,” said Sameh Sabry.