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Dana Gas targets 76% rise in output
- United Arab Emirates: Thursday, January 08 - 2009 at 08:29
UAE-based Dana Gas said it plans to increase total production by 76% or 68,000 barrels of oil equivalent per day by the end of 2009. In a statement, the company also said it will be starting the construction of the LPG recovery plant in Ras Shuqair, and will be conducting feasibility studies for other similar projects in Egypt. In March 2008, Dana Gas signed a 25-year concession for the Western Offshore Area of Sharjah, and to develop the Zora Gas Field within the block.
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Jeff Florian, Senior ReporterThursday, January 08 - 2009 at 08:29 UAE local time (GMT+4)
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