The company’s net profit jumped to $142mn in 9M 2019 compared to $41mn for the same period in 2018
Dana Gas
Posted inDRILLING & PRODUCTION
Dana Gas collections increase 16.7% to $230mn in first nine months of 2019
Its collections came from Egypt, the UAE, and its share of Pearl Petroleum Company in the Kurdistan Region of Iraq
Posted inDRILLING & PRODUCTION
Natural gas is the future of MENA economies: Crescent Petroleum CEO
Crescent Petroleum CEO Majid Jafar said that development of gas resources in the region has been hampered, and would boost growth of MENA economies
Posted inDRILLING & PRODUCTION
Dana Gas reports 483% increase in H1 2019 net profit to $140mn
The company has seen growing production and revenue out of the Kurdistan Region of Iraq, and independent certification raised its share of hydrocarbon reserves in KRI by 10% to over 1bn barrels of oil equivalent
Posted inDRILLING & PRODUCTION
Dana Gas considering sale of Egypt assets
This comes as the company seeks to focus on its assets in the Kurdistan Region of Iraq, where the majority of its reserves are located
Posted inExploration
Dana Gas plugs offshore Egypt Merak-1 well failing commercial discovery
Block six contains three other independent prospects, the potential of which are “unaffected by the Merak-1 well result,” according to Dana Gas
Posted inDRILLING & PRODUCTION
Dana Gas share of Khor Mor and Chemchemal reserves up 10%
The company’s two new gas production trains are expected to generate $350mn to $400mn of annual revenues to Dana Gas in 2023
Posted inDRILLING & PRODUCTION
Dana Gas receives $48mn from Egypt operations in June
The Egyptian government has set a target of paying all overdue receivables by the end of 2019
Posted inExploration
Dana Gas starts drilling offshore Egypt exploration well
The Merak prospect may contain up to 4trn cubic feet of prospective natural gas resources
Posted inDRILLING & PRODUCTION
Dana Gas Q1 production increases 6% year-on-year
The increase is painly due to debottlenecking in Kurdistan, and the Balsam-8 well in Egypt, which came on-stream in Q4 2018.