Dana Gas Announces New Senior Management Appointments
Dana Gas PJSC, the Middle East’s leading publicly listed natural gas company, has announced the following key senior management appointments. Chris Hearne was appointed as the Chief Financial Officer of the Company on 4 January 2016. Prior to joining Dana Gas, Mr Hearne was with Serica Energy plc, an international oil exploration and production company […]
Dana Gas to cut costs and jobs by half at Head Office, will continue to invest in Egypt
Abu Dhabi-listed Dana Gas aims to slash its head office workforce by 40 percent and cut general and administrative costs by half between 2015 and early 2016, its chief executive said on Tuesday. The energy company will continue to invest in Egypt and sees its production in the country increasing, Patrick Allman-Ward told reporters on […]
Dana Gas commences drilling campaign in Egypt
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 […]
Dana Gas signs participation agreement with BP in Egypt
– Dana Gas concludes agreement with BP for drilling an exploration well in El Matariya Onshore Concession (Block 3) – Dana Gas to be carried for the exploration well costs – The exploration well expected to spud 1H 2016 Dana Gas, the Middle East’s leading regional private sector natural gas company, is pleased to confirm […]
Dana Gas announces Q1 results, commits to 20 new development wells in Egypt
The Sharjah-based company maintains strong production and profitability in Q1 2015 despite steep fall in crude oil prices. Dana Gas, the Middle East largest regional private sector natural gas Company announced its financial results for the first quarter ended 31 March 2015. First quarter 2015 group production remained strong, with the Company delivering an average […]