Emirati energy company Dana Gas said it started a new drilling campaign in Egypt in a deal that gives it the right to sell the government’s share of reserves. The company said it will spend the next four months drilling into the Balsam-2 concession onshore in the Nile Delta region, the first of an estimated 30 new wells covered under a gas production enhancement agreement. “Balsam-2 is the company’s first horizontal well in Egypt and is a fitting well to kick off this drilling campaign which effectively targets to develop all the Company’s remaining conventional gas reserves,” Mark Fenton, Dana’s general manager for Egyptian operations, said in a statement. Dana under the terms of the […]