Dana Gas Egypt production rose by 13% in H1 2017
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 […]
Dana Gas to use AGR software for North El Arish deep water exploration in Egypt
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 […]
Dana Gas receives a further $40 million in arrears from Egypt, repaid total $135 million in 2017
Dana Gas shares soar with Egyptian arrears reduced further. Dana Gas shares soared yesterday after the company said it received another payment from the Egyptian government, reducing the arrears owed by nearly 30 per cent so far this year. The Sharjah-based oil and gas operator, which is 19 per cent owned by Crescent Petroleum, has […]
Egypt pays Dana Gas $70 million, covering 25% of its arrears
Egypt has paid an additional US$20 million in local currency, in addition to the $50 million in US Dollars received last week. Sharjah-based Dana Gas has received another payment from the Egyptian government for outstanding arrears, the company said in an ADX filing. The company said on Sunday that Egypt has paid an additional US$20 […]
Dana Gas receivables in Egypt reach $283 million in Q1 2017
Dana Gas said Thursday that total receivables in Egypt increased in the first quarter of fiscal year 2017 to $283 million, compared to $265 million in Q1-2016. The company has collected $13 million during Q1-2017, about 42% of total dues, according to a statement. “Dana Gas Egypt’s production was solid in Q1-2017. The onshore gas […]
AMOC to buy condensates from Dana Gas
Alexandria Mineral Oils Company (AMOC) has reached an agreement to buy condensates produced by Dana Gas, according to Al Shorouk. The agreement will be signed within a week, AMOC’s head said. AMOC aims to refine 1,500 boe a day of Dana Gas’ condensates in its refineries for two months, increasing the amount to 4,000 boe […]
Dana Gas to restructure debt bond due in October
• Energy company asks creditors to discuss $700 million of debt. • Dana Gas cites difficulty collecting payments in Egypt, Iraq. Dana Gas PJSC will ask bondholders to accept changed terms on $700 million of debt coming due in October as the energy producer based in the United Arab Emirates seeks to restructure debt for […]
Dana Gas makes first Egypt gas condensate sale as arrears continue to mount
Dana Gas PJSC, the Middle East’s largest regional natural gas company, has today achieved an important milestone with the first international sale of condensate in Egypt under the Gas Production Enhancement Agreement (GPEA). The first cargo is approximately 150,000 barrels of Wastani condensate and was loaded on 15 April 2017. The buyer has issued a […]
Dana Gas: Egypt owes company $265 million
Dana Gas announced that the Kurdistan Regional Government (KRG) owes $713 million for investment in the Kurdistan Region, while Egypt owes the company $265 million. Dana Gas CEO Patrick Allman-Ward said during an interview with al-Arabiya channel the KRG and the government of Egypt owe one billion dollars for investments in the countries. The Dana […]
Minister of Petroleum meets with Dana Gas management
The Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, met with Dana Gas’ Technical Director and General Manager for Egypt, Mrs. Iman Hill. During the meeting, they reviewed that the company’s plans for its joint venture El Wastani Petroleum Company (WASCO) to drill new wells to be added to production. The attendees also […]
