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Tag: Dana Gas

ADES, Vantage JV to drill deepwater well for Dana Gas in Egypt

Posted: March 10, 2019 at 9:14 am   /   Oil & Gas

ADES International Holding has entered a short-term exploration contract with Dana Gas for deepwater drilling services in the Egyptian sector of the Mediterranean Sea. Vantage’s Tungsten Explorer drillship will drill one firm well under the contract, with an option to drill a further three wells. The initial program is set to take 77 days to […]

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Iman Hill

Energean Oil & Gas appoints Iman Hill as Chief Operating Officer

Posted: October 3, 2018 at 2:15 pm   /   Oil & Gas

Energean Oil & Gas PLC said on Tuesday it has appointed Iman Hill as chief operating officer with effect November 1. Hill is currently technical director and president Egypt for Dana Gas PJSC since 2015. Prior to this she, was part of Sasol Petroleum International for three years from 2012 to 2015, leaving as vice […]

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Dana Gas

Egypt repays $40 million in dues to UAE’s Dana Gas

Posted: May 29, 2018 at 2:02 pm   /   Oil & Gas

The UAE’s Dana Gas announced yesterday that it received USD 40 million in payments from the Egyptian government, bringing total dues received so far in 2018 up to USD 88.8 million. The funds will mostly be used to bolster Dana’s liquidity, allowing the company to pursue a number of projects in its pipeline, which include […]

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Dana Gas to spend $47 million CAPEX in Egypt this year, CEO says

Posted: March 18, 2018 at 4:31 pm   /   Oil & Gas

United Arab Emirates-based energy firm Dana Gas will spend $47 million in Egypt this year but any new investments will be made only if the country pays some of the money it owes, Dana’s chief executive said on Thursday. Abu Dhabi-listed Dana has been struggling to recover payments from Egypt, with total “receivables” related to […]

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Dana Gas received $10.4 million from sale of Egyptian gas condensate

Posted: March 5, 2018 at 5:56 pm   /   Oil & Gas

Dana Gas received USD 10.4 million last month from the sale of Egyptian natural gas condensate as part of a plan to recover outstanding receivables, the company disclosed to the ADX. Dana Gas sold 157,200 bbl of El Wastani condensate at an average price of USD 66.5 per bbl. “The sale marks the fourth cargo […]

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Dana Gas

Dana Gas receives $164m in arrears from Egypt in 2017

Posted: February 13, 2018 at 4:12 pm   /   Oil & Gas

Dana Gas said that its receivables from Egypt stood at $164m in Egypt in 2017, accounting for 129% of billings, according to a filing to the Abu Dhabi Securities Exchange (ADX). Accordingly, Dana’s total receivable balance in Egypt fell 14% to $228m last year from $265m. Last week, Egypt’s Finance Minister Amr El-Garhy said the […]

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Dana Gas and BP to drill exploration wells in the Nile Delta next month

Posted: September 25, 2017 at 11:24 am   /   Oil & Gas

Dana Gas and BP hope to begin drilling exploration wells in their Nile Delta concessions next month, an unnamed EGAS source tell Al Shorouk. The source added that Dana Gas has yet to release new funds to begin operations in the Nile Delta, and is awaiting approval from the board to release the funds before […]

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Dana Gas

Dana Gas PJSC: Egypt opening its gas market will fuel growth

Posted: August 19, 2017 at 9:03 pm   /   Oil & Gas

Foreign investment is expected to climb after the country opens its natural gas market. The decision by Egypt, north Africa’s largest economy, to open its natural gas market will help fuel growth and investment from exploration and production. Egyptian president Abdel Fattah El Sisi signed a new law this week that established a natural gas […]

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Dana Gas Egypt production rose by 13% in H1 2017

Posted: August 16, 2017 at 9:45 pm   /   Oil & Gas

Dana Gas Egypt’s production output was 13% higher on a half-yearly comparable basis, 39,300 versus 34,850 boepd. The Company recorded a 3% jump in quarterly production, 37,650 boepd in Q2 2017 versus 36,550 boepd in Q2 2016. The planned shutdown of the El Wastani Gas Plant was successfully completed in June 2017. There was a […]

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Dana Gas to use AGR software for North El Arish deep water exploration in Egypt

Posted: July 21, 2017 at 1:54 pm   /   Oil & Gas

AGR Software team have signed a SaaS (Software as a Service) contract with Dana Gas PJSC to supply the latest version of our P1™ software. AGR’s P1™ software helps its users to improve the accuracy of well time and cost modeling and can be applied for all drilling and well related operations, including completions and […]

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