The company released a statement that its growth plan is unaffected by the coronavirus outbreak
patrick allman-ward
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 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 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.
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 receives $324m from all its operations in 2018
The company ramped up production from debottlenecking in the Kurdistan Region of Iraq and the completion of the Balsam-8 well in Egypt