Dana Gas increases Egyptian production by 11 per cent
Dana Gas has announced an 11 per cent jump in its production levels at its Egyptian fields.
In a report detailing the company’s financial performance for the first half of 2016, Dana Gas stated that it was now producing 36,550 barrels of oil equivalent per day in Egypt. The figure is up by 11 per cent on a year on year basis and has increased by 4 per cent since the end of the last quarter.
Dana Gas confirmed that it had finished installing 17 km of pipework to connect its Balsam Field asset to a gas processing facility, boosting production by 4,000barrels of oil equivalent per day.
The company is currently engaged in work that will ultimately help to raise production levels at the Balsam Field to 13,000 barrels of oil equivalent per day.