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Sunday, 15 March 2020

Dana Gas Egypt assets see production fall 4% in 2019

Dana Gas saw production from its Egypt assets fell 4% in 2019 to 33k boe/d from 34.5k the year before, the company said in a statement last week. The company is continuing with a strategic review of its assets in Egypt and claims to have received an encouraging level of interest so far. The Emirati firm announced in July last year that it planned to offload its entire Egypt portfolio to focus on developing its operations in Iraq. It reported last month that it had received “numerous” bids for the assets in 2H2019 and that will make a final decision by the end of March.

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