Offshore staff
SHARJAH, UAE – Dana Gas is taking a pessimistic view of future prospects for its Zora gas field offshore Ajman/Sharjah, where average production fell to 1,700 boe/d during the first half of the year, compared to 2,300 boe/d during 1H 2016.
The field is currently delivering around 10 MMcf/d of sales gas to a Sharjah power station and producing 100 b/d of condensate.
Preliminary results concerning a potential well intervention program indicate that at current gas prices any further well intervention is unlikely to be economically viable.
The company will take this information into consideration when it conducts its annual reserves evaluation toward year-end, and will factor it into a final decision on the asset.
08/15/2017
