Dana Gas to drill offshore Egypt even without partner

SEE - July 22nd : As Egypt pays off its debts to IOCs, Dana Gas announced yesterday that it is preparing to invest in deepwater exploration in the region, Interfax Natural Gas Daily reported.

Dana Gas has decided to drill its first deepwater exploration well in Egypt’s North el-Arish concession by February 2019. While it had hoped to find a partner for the project, the UAE-based company has said it will proceed alone rather than give up the block.

The company was excited by the results from a 200,000 hectare 3D seismic campaign, Chief Executive Patrick Allman-Ward told Interfax Natural Gas Daily. It has lined up a drillship to start exploring the Block 6 concession before the licence expires.