Dana Gas Egypt Output Hits Two Year High

Dana Gas has achieved gas production level in Egypt of 200 million standard cubic feet per day, the highest level for the company in the country in two years.

Company’s core operations in the Nile Delta and its Egyptian Bahrain Gas Derivatives Company (EBGDCo) Natural Gas Liquids extraction plant in Ras Shukheir remained stable and have not been impacted by the current events in Egypt.

Dana Gas is in talks with the government for capital expenditure plans aimed at further increasing production.

Several projects are ready to be executed in order to further raise the production to a level around 50,000 boepd in the near future. These projects include multi-wells appraisal drilling programmes, adding gas compression facilities for the El Basant field and a new pipeline connecting Salma and Tulip discoveries to the El Wastani Plant.