Merak-1 Well | Egypt Oil & Gas

Dana Gas Confirms Hiring Financial Advisors to Sell Egyptian Assets

Dana Gas confirmed that it is studying the possibility of selling its Egypt asset portfolio and has hired financial advisors accordingly.

Dana Gas to Consider Selling $500 MM Egyptian Assets

Dana Gas is being consulted on whether to sell its $500 million offshore Merak-1 well in Egypt as no commercial discovery has been made there.

Dana Gas Starts Drilling Operations at Merak-1 Well

The new well is set to take approximately 70 days to be drilled and could add up to 4 trillion cubic feet (Tcf) of natural gas in prospective resources.

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