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 […]
Crescent Petroleum sees oil reaching $60 this year on demand
Crescent Petroleum Co., an oil and natural gas producer in Egypt and Iraq, expects crude prices to improve this year as supply becomes more in line with demand. The U.K.’s decision to leave the European Union won’t have a lasting effect on crude prices and London will remain a center for international oil and gas […]
Dana Gas CEO expects "bumpy road" ahead for oil market as shale sets floor
• 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 […]
Dana Gas to drill a gas well in collaboration with BP Egypt as of April
Dana Gas said the impact of lower oil prices on the company is insignificant, as 90% of its business is focused on the gas sector. “We are maintaining our production level in Egypt,” the company’s CEO Patrick Allan-Ward told CNBC, adding that “We have concluded a gas production enhancement agreement with the Egyptian government.” The […]
Dana Gas Egypt commits €355 million to E&P over three years
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 […]
