Daily News Egypt

Dana Gas daily production in 2014 was 40,000 barrels of oil - Daily News Egypt

Advertising Area




Advertising Area



Dana Gas daily production in 2014 was 40,000 barrels of oil

Company’s CEO describes the latest development as “game-changing”


Dana Gas, the sixth largest gas producer in Egypt, announced on Sunday that its daily production reached 40,000 barrels of oil per day, an 8% increase compared to the previous year. (AFP Photo / Adek Berry)
Dana Gas, the sixth largest gas producer in Egypt, announced on Sunday that its daily production reached 40,000 barrels of oil per day, an 8% increase compared to the previous year.
(AFP Photo / Adek Berry)

Dana Gas, the sixth largest gas producer in Egypt, announced on Sunday that its daily production reached 40,000 barrels of oil per day, an 8% increase compared to the previous year.

The company said in a statement that “it has surpassed the milestone of producing over 100 million barrels of oil equivalent accumulatively since commencing its operations in Egypt in 2007”.

Commenting on the achievements, Patrick Allman-Ward, CEO of Dana Gas, said that such accomplishments were “game-changing for our business”.

The company recently signed concession agreements in the Nile Delta along with the Gas Production Enhancement Agreement (GPEA).

In December 2014, the Egyptian government repaid Dana Gas $60m, out of the total $212m that it owes the company.

Advertising Area

Advertising Area



https://www.dailynewsegypt.com/2015/02/01/dana-gas-daily-production-2014-40000-barrels-oil/
Breaking News

No current breaking news

Daily News Egypt Android App Available for free download on Google play
View
Daily News Egypt Ios App Available for free download on APP Store
View
Social Media Auto Publish Powered By : XYZScripts.com