Dana Gas is committed to develop 20 new wells and work-over 17 existing wells in Egypt, in the framework of a $350 million work program, per the Gas Production Enhancement Agreement (GPEA), according to Dana Gas press release for the company’s production and profits in quarter 1 (Q1) 2015.

Dana Gas witnessed a decline in the total production of Q1 2015; it registered 37,700 Barrels Of Oil Equivalent Per Day (boepd) compared to 39,100 boepd in Q1  2014, attributing the differences to the natural decline in gas wells.

Source: Mubasher