Collections reach $185 million (AED 678mm) in first six months of 2021
Kurdistan
Posted inExploration & Production
Dana Gas reports 41% increase in Q1 profit with plans for growth
Dana Gas aims to boost local gas production by 60% in two years, and has resumed its expansion plan in Iran
Posted inDRILLING & PRODUCTION
Dana Gas and Crescent Petroleum resume Khor Mor Expansion Project
$600m investment to increase production 57% within 2 years
Posted inDRILLING & PRODUCTION
Dana Gas collects $53 million from KRI projects year-to-date
Production from the Kurdistan Region of Iraq has increased by 9% in Q1
Posted inDRILLING & PRODUCTION
Dana Gas reports $157 million net profit in 2019
This compares to a net loss of $186 million (AED 682 million) in 2018
Posted inDRILLING & PRODUCTION
Dana Gas receives $42mn dividend from Pearl Petroleum
The payment brings total 2019 dividends from KRI to $121mn
Posted inDRILLING & PRODUCTION
TAQA produced more than 1mn barrels of oil from Atrush in July 2019
The current rate of gross production at the Atrush block is approximately 34,000 barrels of oil per day
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 and Crescent Petroleum’s $700mn Khor Mor expansion plan to increase gas output by 63% in two years
A 20-year gas sales agreement was signed between Pearl Petroleum and KRG, which will provide an additional 250 MMscf/day in gas sales to fuel local power plants
Posted inDRILLING & PRODUCTION
Dana Gas shareholders support $700mn consensual sukuk restructuring
The transaction represents an accretive and optimal outcome for all the parties, providing a satisfactory solution to the issues surrounding both the company’s capital structure and the uncertain legal position of the sukuk.