Dragon Oil wins shallow-water block offshore Egypt

Offshore staff

DUBAI, UAE – Dragon Oil has been awarded provisionally a shallow-water block in the Gulf of Suez offshore southern Egypt.

Ganoub El Wadi Holding Petroleum C. (Ganope), a division of the Petroleum Ministry responsible for all exploration and production activities in this area, should ratify the award for block 19 East Zeit Bay following approval by the competent government authorities.

Dragon participated in the Ganope International 2012 Bid Round #1, which included 20 exploration blocks in the Red Sea, Gulf of Suez, Western Desert, and Eastern Desert.

The company will have a 100% interest in block 19 which covers an area of 93 sq km (36 sq mi) and is in water depths ranging from 10-40 m (33-131 ft).

Dragon plans seismic acquisition and other analysis over an area of roughly 100 sq km (39 sq mi) and will drill two wells during the initial exploration period.

Nearby producing oil fields include East Zeit, Hilal, Ashrafi, SW Ashrafi, and Zeit Bay.

12/2/2013

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...