Petro Kareem will produce oil and gas from a lease within the North Zeit Bay concession, located onshore in the Gulf of Suez.

BBC: Dana Petroleum Egypt joint venture approved

An onshore well in North Zeit Bay was also completed on 10 October and will be brought into production before the end of the year.

BBC: Dana Petroleum worker at North Zeit Bay operation

Dana Petroleum Egypt has reported several significant exploration successes at North Zeit Bay during 2011, including encountering good quality oil-bearing sands and establishing two gas condensate field discoveries.

BBC: Dana Petroleum Egypt joint venture approved