Middle East explorer Dana Petroleum announced a new discovery onshore at its North Zeit Bay production area in Egypt, the company said in a statement.

 

Early tests of the plant, which lies near the Gulf of Suez, yielded a flow rate of more than 4,700 barrels of oil per day (bpd).

Dana added that it was on its way to achieve its planned drilling depth of around 12,000 feet at its Bamboo well offshore in the country’s Nile Delta.