Dana Gas preparing for first deep-water Egypt well

Egypt’s government has paid Dana Gas US$20 million with further payments likely to follow before year-end.

These will allow the company to proceed with plans to drill the Merak deep-water exploration well, its first on the block 6 North El Arish Concession Area, said CEO Dr Patrick Allman-Ward.

Drilling should get under way next year.

Source: Offshore Magazine