Egypt - Block 19

Egypt - Block 19

Block 19 East Zeit Bay (in which Dragon Oil will have a 100% interest) is located offshore in the prolific southern Gulf of Suez region. The block covers an area of 93 km2 and lies in shallow waters ranging in depth from 10 to 40 metres.

Map

Dragon Oil participated in the Ganope International 2012 Bid Round #1, which included 20 exploration blocks in the Western Desert, Eastern Desert, Red Sea and the Gulf of Suez. In November 2013, Dragon Oil's offer for Block 19 in the Gulf of Suez, Egypt, was initially accepted by Ganoub El Wadi Holding Petroleum Company (Ganope), one of the main entities of the Petroleum Ministry responsible for all exploration and production activities in the southern part of Egypt. The contract was signed on 19 May 2014. We have hired a country manager and are working on setting up an office in Cairo and starting the work programme as per the Production Sharing Agreement

Block 19 East Zeit Bay (in which Dragon Oil will have a 100% interest) is located offshore in the prolific southern Gulf of Suez region. The block covers an area of 93 km2 and lies in shallow waters ranging in depth from 10 to 40 metres. A number of producing oil fields are adjacent to or near Block 19, namely East Zeit, Hilal, Ashrafi, SW Ashrafi and Zeit Bay fields. Dragon Oil plans to do seismic acquisition and analysis over an area of approximately 100 km2 and drill two wells during the initial exploration period.

IMPORTANT: Our Cookie Policy has changed. Please click here to view the policy and stop this banner appearing