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Thursday, 11 April 2019

Dana Gas production climbs 6% thanks in part to Egypt field

Dana Gas’ production climbed 6% y-o-y in 1Q2019 to 68.7k boepd from 65k boepd during the same quarter last year, partly due to an increase in production from its Balsam 8 field in Egypt, the company said in a statement. “The two major growth projects completed in 2018 – the debottlenecking project in the KRI and the Balsam-8 well in Egypt – have proven to be materially value accretive both operationally and financially," CEO Patrick Allman-Ward said.

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