Dana Gas, a prominent UAE-based company, is set to commence drilling operations on 11 new wells in Egypt this year with an investment of around $100 million, a senior company official has revealed. The investment is expected to contribute approximately 80 billion cubic feet of reserves and production, said Mohammed Mubaideen, the company’s head of […]
Dana Gas
Posted inNews
Dana Gas profits soar to $161 million
Dana Gas, the Middle East’s largest regional private sector natural gas company, has posted net profit increase of 64% to $161 million compared to the same period last year. The gains in Dana Gas’s profitability in the first nine months of the year were driven by higher realised prices, prudent cost control and strong operational […]
Posted inExploration & Production, DRILLING & PRODUCTION
Dana Gas KRI and Egypt collections reached $256 million since start-2021
Dana Gas, which owns a 35% interest in Pearl Petroleum, saw its share of collections from sales of condensate, LPG and gas in the KRI jump 77% to $131 million
Dana Gas’s 9M 2021 collections from the Kurdistan Region of Iraq (KRI) and Egypt have increased 102% year-on-year to $256 million (AED 938mm) from $127 million (AED 466mm) in the same period the previous year. Dana Gas, which owns a 35% interest in Pearl Petroleum, saw its share of collections from sales of condensate, LPG […]