Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Sharjah-based Dana Gas has pulled the plug on its Zora gas field offshore Sharjah just three years after it was started up. Neither Dana nor Sharjah are likely to miss the field, which never came close to fully utilizing its 40mn cfd processing plant. Commercial output began in January 2016 ( MEES, 19 February 2016 ) and peaked at around 16mn cfd in 2Q 2016, before dwindling to around 6mn cfd in 4Q 2018. Dana says “problems lie with reservoir quality” and that “no further interventions to raise production are economically viable.” Production will end “sometime in 2019.”
This leaves sole output from three onshore fields operated by state-firm SNOC. In January, Italian major Eni signed up to all three onshore concessions offered in Sharjah’s debut bid round ( MEES, 18 January ) and will be hoping for better results than Dana. (CONTINUED - 132 WORDS)