Sea Dragon reviewing Gulf of Suez potential

Offshore staff

LONDON – Sea Dragon Energy has completed a subsurface technical update on the Gamma and Shukheir Bay fields in the shallow-water Shukeir Marine concession in the Gulf of Suez offshore Egypt.

Evaluation is under way to determine their suitability as investment assets. Recently oil production at Shukheir Marine has been averaging 393 b/d from three wells.

Sea Dragon is also in discussions with Egypt’s government over extending the concession for another 10 years.

Last December the company acquired a 12.75% interest in the Gulf of Suez South Ramadan concession. Partners Pico and GPC are presently forming a joint venture company.

Once this process is completed the partners plan to hold technical and management meetings concerning the 2014 work program and budget.

06/02/2014

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

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

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 ...