Dana Gas Receives $53m from Egypt
Dana Gas received from the Egyptian Government authorities $53m from the current total outstanding receivables of $330m. Payment of $42 million has been received in US dollars and the balance in equivalent Egyptian pounds. Including this tranche, during 2013, Dana Gas has received a total of $130m from the Egyptian Government authorities. The Egyptian Government has committed to work with the company on a plan to repay the remainder of the outstanding receivables over an agreed time frame. While Dana Gas has had on-going discussions with the Egyptian authorities to resolve the issue of
Dana Gas: Record 2013 Production in Egypt
Peak Production of 39,000 boepd, an increase of 13% over 2012 Dana Gas Egypt operations and production remains unaffected Total investments in Egypt exceeds US$1.8 billion Ongoing discussions with regulatory authorities to improve receivables, increase capital expenditure and enhance production Dana Gas PJSC, one of Middle East's leading regional private sector natural gas company, announces that it has achieved record production in 2013 in Egypt of 39,000 barrels of oil equivalent per day, including 190 mmscfd of gas and 8,500 barrels of
Dana Gas Strike Rich in Nile Delta
Dana Gas PJSC, the Middle East's first & largest regional private sector natural gas company, discover gas on the West El Manzala concession in the Nile Delta, Egypt. The Begonia-1 discovery well encountered 15 m of net pay in a good quality sandstone reservoir of the Lower Abu Madi Formation. On test the formation produced 9.4 Million standard cubic feet of gas with 133 barrel condensate. The evaluated resources for the Abu Madi Lower pay zone are between 7 and 15 billion cubic feet (bcf) and around 100,000 barrels of condensate. A notification of commercial discovery has been made to the
February 2024
