Dana said in January it planned to invest about $500m in Egypt and Iraq’s Kurdish region this year to boost natural gas output.
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Dana Gas: Stepping Up Exploring Egypt Wells
Dana Gas said that it planned to increase its drilling efforts in Egypt this year and double its natural gas reserves in the North African gas producer
Dana Gas said that it planned to increase its drilling efforts in Egypt this year and double its natural gas reserves in the North African gas producer. Sharjah-based Dana Gas plans to spend more than $170m drilling 19 new wells in Egypt before the end of this year, compared with 10 wells with investments of $56m in 2007.
Egypt holds Africa’s third-largest natural gas reserves after Algeria and Nigeria. The gas sector in Egypt is expanding rapidly, so this exploration and development programme could potentially double the size of our reserves.
Dana said in January it planned to invest about $500m in Egypt and Iraq’s Kurdish region this year to boost natural gas output.
Dana said in January it planned to invest about $500m in Egypt and Iraq’s Kurdish region this year to boost natural gas output.
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