{"id":630962,"date":"2018-03-06T04:15:21","date_gmt":"2018-03-06T04:15:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/dana-gas-to-begin-drilling-in-mediterranean-concession-in-2h2018\/"},"modified":"2018-03-06T04:15:21","modified_gmt":"2018-03-06T04:15:21","slug":"dana-gas-to-begin-drilling-in-mediterranean-concession-in-2h2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/dana-gas-to-begin-drilling-in-mediterranean-concession-in-2h2018\/","title":{"rendered":"Dana Gas to begin drilling in Mediterranean concession in 2H2018"},"content":{"rendered":"

The UAE\u2019s Dana Gas is set to start drilling operations on the first well in its Mediterranean concession in Egypt in 2H2018<\/strong>, EGAS sources tell Al Shorouk<\/a>. 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<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

The UAE\u2019s 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630962","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a759577d-6b11-4106-a495-74929e353fa3","order":"0","is_powered_by":true,"section_story_id":"671268d0-8d1e-47d7-ab91-439d9ff35cc6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630944],"teaser":"","voice_url":""},"yoast_head":"\nDana Gas to begin drilling in Mediterranean concession in 2H2018 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/dana-gas-to-begin-drilling-in-mediterranean-concession-in-2h2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dana Gas to begin drilling in Mediterranean concession in 2H2018\" \/>\n<meta property=\"og:description\" content=\"The UAE\u2019s 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 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/dana-gas-to-begin-drilling-in-mediterranean-concession-in-2h2018\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-06T04:15:21+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/dana-gas-to-begin-drilling-in-mediterranean-concession-in-2h2018\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/dana-gas-to-begin-drilling-in-mediterranean-concession-in-2h2018\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Dana Gas to begin drilling in Mediterranean concession in 2H2018\",\"datePublished\":\"2018-03-06T04:15:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/dana-gas-to-begin-drilling-in-mediterranean-concession-in-2h2018\/\"},\"wordCount\":108,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/dana-gas-to-begin-drilling-in-mediterranean-concession-in-2h2018\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/dana-gas-to-begin-drilling-in-mediterranean-concession-in-2h2018\/\",\"name\":\"Dana Gas to begin drilling in Mediterranean concession in 2H2018 - 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The funds will mostly be used to bolster Dana\u2019s liquidity, allowing the company to pursue a number of projects\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597586,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/31\/dana-gas-confirms-it-hired-financial-advisors-to-look-at-egypt-exit\/","url_meta":{"origin":630962,"position":1},"title":"Dana Gas confirms it hired financial advisors to look at Egypt exit","author":"enterpriseam admin","date":"31 July 2019","format":false,"excerpt":"Dana Gas confirms hiring financial advisors for the potential sale of Egypt assets: Dana Gas confirmed reports earlier this week that it has hired financial advisors to study the possibility of selling down its Egypt asset portfolio in a bourse filing (pdf) on Tuesday. \u201cThe company is undertaking a strategic\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648176,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/dana-gas-board-of-directors-approves-carrying-out-limited-drilling-activities-in-egypt\/","url_meta":{"origin":630962,"position":2},"title":"Dana Gas\u2019 board of directors approves carrying out limited drilling activities in Egypt","author":"enterpriseam admin","date":"30 May 2017","format":false,"excerpt":"Dana Gas\u2019 board of directors has approved carrying out limited drilling activitiesin Egypt. \u201cIn light of the recent collections received from the Egyptian government the board considered and approved that additional limited drilling activities should be carried out,\u201d the company said in a bourse statement picked up Gulf News. Egypt\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594965,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/12\/dana-gas-could-sell-off-its-entire-egypt-portfolio\/","url_meta":{"origin":630962,"position":3},"title":"Dana Gas could sell off its entire Egypt portfolio","author":"enterpriseam admin","date":"12 September 2019","format":false,"excerpt":"The UAE\u2019s Dana Gas has received offers from companies interested in buying its USD 500 mn Egypt portfolio, the company\u2019s head of investor relations Mohammed Mubaideen told Mubasher. The company could potentially sell all of its assets in Egypt, depending on the offers it receives, Mubaideen said, adding that the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601773,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/ades-holding-vantage-sign-egypt-drilling-service-contract-with-dana-gas\/","url_meta":{"origin":630962,"position":4},"title":"ADES Holding, Vantage sign Egypt drilling service contract with Dana Gas","author":"enterpriseam admin","date":"10 March 2019","format":false,"excerpt":"Dana Gas has signed an exploration agreement with ADES International Holding and Vantage Drilling International JV, ADVantage, to perform deep water drilling services for one well in the Mediterranean Sea, Offshore Magazine reports.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594321,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/eni-acquires-70-of-edisons-stake-in-north-east-hapi-mediterranean-concession\/","url_meta":{"origin":630962,"position":5},"title":"Eni acquires 70% of Edison\u2019s stake in North East Hapi Mediterranean concession","author":"enterpriseam admin","date":"27 October 2019","format":false,"excerpt":"M&A WATCH- Eni has acquired 70% of Edison\u2019s stake in Block 12 of its North East Hapi natural gas concession in the Mediterranean, an unnamed EGAS source said on Thursday, according to Reuters. 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