Melrose Resources starts production in Egypt’s West Dikirnis FieldDecember 15th, 2007 - 7:56 pm ICT by admin
Nicosia, Dec 15 (ANI): Melrose Resources plc, an Edinburgh based oil and gas exploration, development and production company, has started production from the West Dikirnis Field in the onshore Nile Delta in Egypt.
The company believes that by the end of next year output, as additional wells will also start production, its output from the Dikirnis Field will reach 10,000 barrels a day (b/d).
Melrose proudly announced that the development was completed within 12 months of project sanction and came in under budget. Melrose has interests in Egypt, France, Bulgaria and the United States.
The companys Chief Executive David Thomas, commenting on the start of production from the West Dikirnis Field, said Bring the West Dikirnis Field on production is a significant milestone for Melrose. This is a high quality field, which will transform the cash generation of the business in 2008 and beyond. The Melrose team has worked cohesively with our Egyptian joint operating company and again demonstrated our ability to bring fields on stream very rapidly after discovery.
Melrose is currently proceeding with drilling in the West Zahira Field, which is believed to have mean reserves of 124 billion cubic feet of gas plus hydrocarbon liquids potential and an estimated 30% chance of success. (ANI)
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