The UAE’s Dana Gas is set to start drilling operations on the first well in its Mediterranean concession in Egypt in 2H2018, EGAS sources tell Al Shorouk. The company has excess liquidity that it will deploy to new projects in Egypt, including the drilling of three wells in its Delta concession, especially as it continues to receive late payments from the Egyptian government through to 2019, they add. Dana Gas had announced on Sunday that it received USD 10.4 mn last month from the sale of Egyptian natural gas condensate as part of a plan to recover outstanding receivables.

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