Dana Gas Egypt production reaches 200 million scfd - Emirates 24/7

Dana Gas Egypt production reaches 200 million scfd - Emirates 24/7:

"Dana Gas, the Middle East's leading regional private sector natural gas company, announced that it had achieved gas production level in Egypt of 200 million standard cubic feet per day (equivalent of 41,500 boepd, including over 8,000 barrels per day of associated liquids), the highest level for the company in the country in 2 years.

This represents a growth of 29% over the 2012 average, it said.

The 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 discussions with the Egyptian authorities on its capital expenditure plans aimed at further increasing production and at resolving the issue of outstanding payments. This is in line with the Egyptian Government’s efforts to increase local hydrocarbon production to benefit the local population. The Company is conducting positive discussions with the relevant authorities and looks forward to an early resolution."

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