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    Dana Gas Output Hits Record

Summary

Production has hit an all-time high of over 70,000 barrels of oil equivalent/day.

by: Shardul Sharma

Posted in:

Natural Gas and LNG Latest & Breaking News, Africa, Middle East, Corporate, Exploration & Production, News By Country, Egypt, Iraqi Kurdistan

Dana Gas Output Hits Record

Middle East-focused Dana Gas said December 13 that its production has hit an all-time high of over 70,000 barrels of oil equivalent/day in November thanks to ramp up of output from its debottlenecking project in Kurdistan.

Dana's principal operations are in the Kurdistan Region of Iraq (KRI) and Egypt, where the drilling of the Balsam-8 well has also led to a sharp increase in overall production, it said. Current production, in excess of 70,000 boe/d, represents a significant increase compared to the company's 9M 2018 average of 62,250 boe/d.

"We remain excited about the long-term future of our world-class assets in the KRI. Further investment is underway to double current production to 900mn ft3/d over the coming three years, together with an increase in condensate to 36,000 b/d and LPG to 1200 mt/d," Patrick Allman-Ward, CEO, Dana Gas, said.

In 4Q 2018, Dana Gas Egypt completed the drilling of the Balsam-8 well and tied it in to the network. The well was completed ahead of schedule and under budget, adding over 5,000 boe/d to the company's output.

In the KRI, Dana announced a 30% increase in production capacity at the Khor Mor field, which it jointly operates on behalf of Pearl Petroleum. The expansion of the gas processing plant consisted of a series of plant additions and modifications to debottleneck throughput, raising output capacity from 305mn ft3/d of natural gas to 400mn ft3/d, with over 15,000 b/day of condensate.