Egypt

Dana Gas to invest $43mln in Egypt in 2024

Published on : 2023-11-29

Dana Gas will inject investments worth around $43 million into the Egyptian market in 2024, CEO Richard Hall revealed.

The planned investments come as part of the company’s drilling program for next year, under which it plans to drill 11 development wells and three discovery ones.

The program targets boosting Dana Gas’ production in Egypt by about 30 million cubic feet of natural gas per day.

This came during a meeting between Minister of Petroleum and Mineral Resources Tarek El-Molla with Hall and his accompanying delegation to discuss investment opportunities in Egypt.

Hall also stressed his company’s keenness on expanding its business in Egypt and pumping additional private investments in the oil and gas exploration field.

Related Articles

Shelf Drilling Clinches $51M Extension for Rig 141 in Gulf of Suez

Shelf Drilling, a leading entity in offshore rig operations, has recently announced a significant contract extension for its Rig 141, operating in the strategic Gulf of Suez, offshore Egypt.

Read More

El-Mulla: Natural gas plays key role in achieving SDGs

Minister of Petroleum and Mineral Resources Tarek el Moulla said natural gas plays an important role as a clean energy source in achieving the United Nations sustainable development goals (SDGs) and meeting the growing global needs of energy.

Read More

Egypt signs 7 green hydrogen deals worth a potential $40bn

Over $40 billion of green hydrogen and renewable energy investments could be on the way to Suez Canal Economic Zone after a host of new agreements.

Read More
Wintershall Deaneptune LogoSIEnppipetrojetTransGlobe SCHNEIDER-ELECTRIChempleEgypt gasNorthAlmansooriSKY CTS exxonmobilSchlumbergerhttps://www.shell.com/GascoCPCAlmansoori