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Dana's Egypt output exceeds target
- United Arab Emirates: Monday, January 07 - 2008 at 07:26
Abu Dhabi-listed Dana Gas said petroleum output from its Egyptian operations at the end of last month exceeded its expectations on early production from two discoveries, reported Gulf Daily News. The company pumped the equivalent of 32,000 barrels of oil per day, it said yesterday, without saying what its expectation had been. The first oil from Dana's Al Baraka well in southern Egypt was delivered last month. While the Dabayaa-2 well in the Nile Delta added eight million cubic feet per day of natural gas production and 240 barrels per day of condensate, Dana said. Revenue rose to 276m dirhams in the three months to September 30, compared with 241m dirhams in the three months to June 30.
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Amena Bakr, Senior ReporterMonday, January 07 - 2008 at 07:26 UAE local time (GMT+4)
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