Egypt: Dana Petroleum takes new blocks

Dana Petroleum has signed concession agreements for the West Dakhla 1 and 2 areas in the Western Desert. The company said the blocks were awarded through the Ganoub El-Wadi Petroleum Holding Company’s 2010 licensing round. Activities in the initial exploration phase of three years include an aeromagnetic survey and 500km of 2D seismic. “These two concessions in the Western Desert are a welcome addition to the exploration portfolio. This, along with the award of the South Wadi Dara Block in the Gulf of Suez we announced at the end of 2013, will help us build our exploration activities in Egypt,” said Egypt managing director Paul Barnett.