Dana Gas to drill first pilot well in North Arish concession next week

UAE’s Dana Gas is planning to drill its pilot well in the North Arish concession in the Mediterranean next week and is expected to conclude studies on its estimated reserves within two and a half months, Shorouk reports. Dana Gas plans to invest USD 5 bn in the gas field, which seismic scans indicated has about 20 tcf of potential reserves, making it Egypt’s second biggest after Zohr.