Dana Gas seeking a partner for the deepwater Block 6 (North El Arish Offshore) located in the Eastern part of the Mediterranean area. The company plans to drill a wildcat in the block by the end of 2018.  Dana Gas announced on 18 February 2014 that it had signed an agreement for the Block 6 (North El Arish Offshore). The company is committed to spending USD 71.5 million, paying a signature bonus of USD 20 million and drilling three wells. The Block, which was included in the Egyptian Natural Gas Holding Companyâs (EGAS) 2012 international bid round, was awarded to Dana Gas on 22 April 2013. It covers 2,980 sq km and lies in water depths from 20 to 1,000 m. The agreement includes an eight-year exploration period with three phases starting with an initial four-year exploration period and two additional two year extension periods. A 20-year development lease period will be granted in case of commercial discovery.
Dana Gas seeking a partner for the deepwater Block 6 (North El Arish Offshore) located in the Eastern part of the Mediterranean area. The company plans to drill a wildcat in the block by the end of 2018. Dana Gas announced on 18 February 2014 that it had signed an agreement for the Block 6 (North El Arish Offshore). 