Dana Gas | Egypt Oil & Gas

Dana Gas Eyes Exploration Opportunities After Egyptian Deal, Despite Q1 Production Dip

The company has produced 18,150 barrels of oil equivalent per day (boe/d) during Q1 2024, divided into 88 million standard cubic feet (MMscf) of gas; 1,800 barrels per day (bbl/d) of condensate and 140 metric tons ...

Dana Gas Expands Egyptian Operations with $43 Million Investment

Minister of Petroleum and Mineral Resources Tarek El Molla has met with Dana Gas CEO Richard Hall and the accompanying delegation to review the available investment opportunities in the Egyptian oil and gas sector ...

Dana Gas Awaits Parliamentary Approval of Agreement with EGAS

Dana Gas expects to obtain approval from the Egyptian Parliament for the agreement concluded with the Egyptian Natural Gas Holding Company (EGAS) at the end of this year.

Dana Gas to Start Drilling 11 New Wells in Egypt

UAE-based energy firm Dana Gas stated that it expects to start drilling 11 new wells in Egypt this year, and estimates that these wells will add up to 80 billion cubic feet of reserves and production.

Dana Gas Increases Foreign Ownership Limit to 100%

Dana Gas, the Middle East’s largest regional private sector natural gas company, has received regulatory approval to increase foreign ownership in the Company’s shares, in line with the UAE’s new Commercial Compan ...

Dana Gas Net Profits Leap by 125% YoY

In its quarterly report, Dana Gas, the Middle East's largest natural gas company, announced that its net profit increased by 125% in Q1 2022, reaching $54 million or 2.8 fils per share, compared to $24 million or ...

Dana Gas Records Net Profit Worth $317 million in 2021

Dana Gas announced achieving a net profit of $317 million in its preliminary unaudited financial results for the full year, which ended on 31 December 2021.

Dana Gas, Crescent Petroleum Achieve 50% Increase in Gas Production from KRI

Dana Gas and Crescent Petroleum announced that they have achieved 50% growth in natural gas production from their filed “khor Mor” located in the Kurdistan Region of Iraq (KRI) reaching 452 million cubic feet of g ...

Dana Gas Egypt Collections Increase 141% in 2021

Dana Gas announced that its collections from Egypt rose by 141% to record $193 million in 2021, compared to $80 million in 2020.

Dana Gas Egypt Collections Reach $39 million in December 2021

Dana Gas collections from Egypt has reached $39 million (AED 143mm) in December, reducing the Company’s receivables below $30 million, to its lowest levels since commencing operations there in 2007.

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