Dana Gas, one of the UAE’s leading companies, drilled a new exploratory well, Fluto, in the area of Delta.

This drilling operation, which is part of the company’s drilling plan of the 2011/2012 fiscal year, cost $5 million. The well was drilled to a total depth of 7241 feet through the EDC-66 rig. The production capacity of the new well is still under evaluation.

The Nile Delta area has an average monthly production of 97914 barrels of oil. The area’s volume of sold gas counts for 11385 cubic feet, which is expected to increase by 76% to reach up to 14940 cubic feet.