commences drilling at Dahab North prospect

  • Sea Dragon gears up, commences drilling at Dahab North prospect

    Sea Dragon gears up, commences drilling at Dahab North prospect

    Sunday, 30th November 2008
    Sea Dragon Energy has commenced drilling of its Dahab North prospect in the East Wadi Araba ("EWA") Concession. The EWA Concession covers 193 square kilometers, or approximately 47,691 acres (35,768 net acres), located off-shore in the Gulf of Suez, Egypt. The Gulf of Suez currently accounts for 50% of Egypt's total oil and gas production of 660,000 boepd.