Dana Gas operates in three geographical locations with two major projects in the United Arab Emirates.
EGYPT
Dana Gas Egypt
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Dana Gas Egypt holds three Exploration Concessions in Egypt. It is the 100% operator of two Exploration Concessions and produces from eleven fields in the Nile Delta and is a 50% joint operator of one Exploration Concession and produces from one field in Upper Egypt. During 2010, the Company produced 77 Bcf of gas and 2.6 MMb of liquids, an average rate of 42.3 kboepd. The focus for 2011 will be to develop a new gas processing plant to the East of the Nile which, in mid-2012, will increase total gas processing capacity in the Nile Delta to Gas Liquids Extraction Plant On the Gulf of Suez, Dana Gas holds a 26.4% interest in the development of a LPG recovery plant which is due to come on stream in mid-2011. |
IRAQ
Kurdistan Region
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In the Kurdistan Region of Iraq, Dana Gas holds a 40% interest in Pearl Petroleum Company Ltd. (PPCL) jointly with Crescent Petroleum (40%), OMV (10%) and MOL (10%). PPCL operates the Khor Mor Field which during 2010 produced gas at a gross rate of 150 MMscfpd and condensate at a gross rate of 7400 bpd, the gas being supplied to two power stations in the region. Construction of a 300 MMscfpd gas processing plant has been completed, with LPG production commencing in January 2011. Appraisal work on Khor Mor and Chemchemal Fields is required to delineate the fields and progress full development plans. Longer term plans are to increase production capacity to meet local gas requirements and for export regionally and to Europe. |
UNITED ARAB EMIRATES
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Gas Project The UAE Gas Project to process and transport 600 MMscfpd of imported gas from Iran awaits commencement of gas deliveries. Dana Gas owns a 35% interest in Crescent Natural Gas Corporation Limited (CNGCL), the marketing organisation, and owns 100% of UGTC and Sajgas which respectively transport and process the gas. UGTC owns 50% of a joint venture with Emarat which has developed a 48-inch diameter gas pipeline in the UAE, with a capacity of 1000 MMscfpd to transport gas in Sharjah. Sharjah Offshore Concession In the UAE, Dana Gas is the 100% operator of the Sharjah Offshore Concession. During 2011, the development of the Zora Field, which straddles Sharjah and Ajman waters, will commence with production scheduled to commence in mid/late 2012 at a rate of 50 to 60 MMscfpd. |
