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Tag: Balsam field

Dana Gas plans raising Wastani gas daily production to 235 million cubic feet

Posted: January 17, 2017 at 8:12 pm   /   Oil & Gas

Emirati-based Dana Gas targets raising production capacity of its local partner in Egypt, El Wastani Petroleum Company (WASCO), to 235 million cubic feet of natural gas and 8,200 barrels of condensates daily. The current production of WASCO is estimated at 195 million cubic feet of natural gas and 6,200 barrels of condensates per day. The […]

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Oil Minister meets with Dana Gas executives to discuss expansions

Posted: January 16, 2017 at 12:05 pm   /   Oil & Gas

Oil Minister Tarek El Molla met with Dana Gas Technical Director Iman Hill to discuss future expansions, Al Shorouk reported. Dana Gas is planning to increase production from the Balsam field by 40 mcf/d through its JV El Wastani Petroleum by drilling two additional production wells in 2H2017. (Source: Enterprise.press)

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Dana Gas

Dana Gas oil production in Egypt rises to 36,550 boped

Posted: August 15, 2016 at 12:18 pm   /   Oil & Gas

The current production of the Emirati oil and gas firm Dana Gas in Egypt is estimated at around 36,550 barrels of oil equivalent per day (BOE). In its report about business results during second quarter and first half of 2016, the company stated that the production rose by 11 percent in comparison to 33,000BOE daily […]

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BP targets increasing Atoll field production to 300mcf/d

Posted: August 10, 2016 at 3:06 pm   /   Oil & Gas

The Egyptian Minister of Petroleum, Tarek El Molla stated to Al-Borsa News that BP eyes boosting Atoll field production from the current 200mcf/d to 300mcf/d of gas by December 2018. BP has invested $3.8b in the development of the field, with $1b earmarked for the early production phase. In addition, the minister noted that PICO […]

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Dana Gas CEO expects "bumpy road" ahead for oil market as shale sets floor

Posted: June 2, 2016 at 3:08 pm   /   Oil & Gas

• Dana Gas boosts output to 70,000 barrels of oil equivalent/day. • Company plans to cut debt with awards from arbitration case. The oil market is heading for a “bumpy road” with prices close to levels that are profitable for U.S. shale producers, according to Patrick Allman-Ward, chief executive officer of Dana Gas PJSC, which […]

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Dana Gas Egypt commits €355 million to E&P over three years

Posted: February 22, 2016 at 3:20 pm   /   Oil & Gas

Despite the state of global energy markets, Dana Gas, the Middle East’s leading privately owned gas company has faith enough in Egypt and the Al-Sisi administration to commit millions in exploration and production (E&P) in the country. Dana is based in the United Arab Emirates, but has assets in Egypt and the Kurdistan Region of […]

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Dana Gas 2015 net profit up by 15%, receivables and production from Egypt decline

Posted: February 15, 2016 at 11:29 am   /   Oil & Gas

Net profit $144 million (AED528 million) despite lower oil prices Cash and bank balance at $470 million (AED1.7 billion) at year-end 2015 Increase in oil and gas reserves and decline in Egypt receivables Total assets up by 8%; positive outcomes in arbitration cases Dana Gas PJSC, the Middle East’s leading publicly listed natural gas company, […]

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Dana Gas commences drilling campaign in Egypt

Posted: June 9, 2015 at 9:24 pm   /   Oil & Gas

Dana Gas confirmed that it has commenced drilling the Balsam-2 development well in the Balsam Development lease onshore Nile delta. The Balsam-2 well is being drilled with the 2000 HP Egyptian Drilling Company’s Rig #48 and targets the Qawasim formation at a depth of 3200 m. A slanted and fully cored pilot hole will be […]

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