Dana Gas Receives $53m from Egypt
repay the remainder of the outstanding receivables over an agreed time frame. While Dana Gas has had on-going discussions with the Egyptian authorities to resolve the issue of outstanding payments, it has also been able to increase production for the benefit of the Egyptian economy and its people. Dana Gas Egypt’s gas, LPG, condensate and crude oil production averaged 39,350 boepd in Q3 2013, a significant increase of 29% over the Q3 2012 average production. During Q3 2013, the Company also announced that it reached a record production level of 41,500 barrels of oil equivalent per day “boepd&rdquo
Dana Gas: Record 2013 Production in Egypt
Peak Production of 39,000 boepd, an increase of 13% over 2012 Dana Gas Egypt operations and production remains unaffected Total investments in Egypt exceeds US$1.8 billion Ongoing discussions with regulatory authorities to improve receivables, increase capital expenditure and enhance production Dana Gas PJSC, one of Middle East's leading regional private sector natural gas company, announces that it has achieved record production in 2013 in Egypt of 39,000 barrels of oil equivalent per day, including 190 mmscfd of gas and 8,500 barrels of
February 2025
