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 […]
Dana Gas provides market update on its Egyptian drilling program
Dana Gas, the Middle East’s leading regional private sector natural gas company, provides a market update on its BP-operated Mocha-1 well, drilled in the El Matariya (Block 3) onshore concession in Egypt. The Mocha-1 exploration well on Block 3 has been completed. The well reached the top of the targeted Oligocene at a depth of […]
UAE's Dana Gas freezes Egypt investments over debts
Dana Gas will not make new investments in Egypt because of delays in obtaining payments owed to it there, the chief executive of the United Arab Emirates company said. Political and economic turbulence in Egypt and Iraqi Kurdistan mean Dana Gas has struggled to secure revenues in either country, once again hitting its profit on […]
Dana Gas plans raising Wastani gas daily production to 235 million cubic feet
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 […]
Oil Minister meets with Dana Gas executives to discuss expansions
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)
Oil Ministry owes 70% of its arrears to five international oil companies
The Oil Ministry owes 70% of its arrears to five international oil companies (IOCs), unnamed sources at the ministry told Al Mal. The companies are BP, Shell, Eni, Apache, and Dana Gas, who together are owed over USD 2.5 bn out of total of USD 3.7 bn the ministry owes the industry. BP is owed […]
UAE's Dana Gas to review Egypt investment plans if not repaid dues
Dana Gas will review its 2017 investment plans for Egypt if the North African country doesn’t repay the full amount it owes the United Arab Emirates-based energy firm by the end of the year, its chief executive said on Wednesday. Patrick Allman-Ward was speaking after the firm swung to a profit in the third quarter, […]
Dana Gas oil production in Egypt rises to 36,550 boped
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 […]
Dana Gas sees improved payments from Egypt
Company also seeing regular payments from KRG. Dana Gas said it has seen improvement recently in the payment of outstanding amounts for its projects in Egypt. During a meeting of the Sharjah-based gas company’s board of directors on Wednesday, the board also expressed its contentment with the resumption of regular payments by the Kurdistan Regional […]
