{"id":631381,"date":"2018-03-18T04:25:49","date_gmt":"2018-03-18T04:25:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/"},"modified":"2018-03-18T04:25:49","modified_gmt":"2018-03-18T04:25:49","slug":"dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/","title":{"rendered":"Dana to spend USD 47 mn in Egypt this year conditional on continued payment"},"content":{"rendered":"

INVESTMENT WATCH- Dana Gas will spend USD 47 mn in CAPEX in Egypt this year<\/strong>, CEO Patrick Allman-Ward said, according to Reuters<\/a>. The investment will only come if Egypt repays Dana Gas some of its receivables, he added, explaining that the money would go towards an ongoing drilling program in Egypt where Dana has two to four wells and where work has already begun. Allman-Ward noted that payments in 2H2017 were \u201csporadic and disappointing.\u201d<\/strong> Dana Gas\u2019 production in Egypt was around 39,500 boepd, up 5% y-o-y.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Dana Gas will spend USD 47 mn in CAPEX in Egypt this year, CEO Patrick Allman-Ward said, according to Reuters. The investment will only come if Egypt repays Dana Gas some of its receivables, he added, explaining that the money would go towards an ongoing drilling program in Egypt where Dana has two […]<\/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-631381","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5cd12035-219e-407a-b580-52ead66cc425","order":"0","is_powered_by":true,"section_story_id":"88834106-662c-4eac-a0c2-ce8860076dcf","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631370],"teaser":"","voice_url":""},"yoast_head":"\nDana to spend USD 47 mn in Egypt this year conditional on continued payment - 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\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dana to spend USD 47 mn in Egypt this year conditional on continued payment\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Dana Gas will spend USD 47 mn in CAPEX in Egypt this year, CEO Patrick Allman-Ward said, according to Reuters. The investment will only come if Egypt repays Dana Gas some of its receivables, he added, explaining that the money would go towards an ongoing drilling program in Egypt where Dana has two […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-18T04:25:49+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\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Dana to spend USD 47 mn in Egypt this year conditional on continued payment\",\"datePublished\":\"2018-03-18T04:25:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/\"},\"wordCount\":96,\"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\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/\",\"name\":\"Dana to spend USD 47 mn in Egypt this year conditional on continued payment - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-03-18T04:25:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dana to spend USD 47 mn in Egypt this year conditional on continued payment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Dana to spend USD 47 mn in Egypt this year conditional on continued payment - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/","og_locale":"en_US","og_type":"article","og_title":"Dana to spend USD 47 mn in Egypt this year conditional on continued payment","og_description":"INVESTMENT WATCH- Dana Gas will spend USD 47 mn in CAPEX in Egypt this year, CEO Patrick Allman-Ward said, according to Reuters. The investment will only come if Egypt repays Dana Gas some of its receivables, he added, explaining that the money would go towards an ongoing drilling program in Egypt where Dana has two […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-03-18T04:25:49+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Dana to spend USD 47 mn in Egypt this year conditional on continued payment","datePublished":"2018-03-18T04:25:49+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/"},"wordCount":96,"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\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/","name":"Dana to spend USD 47 mn in Egypt this year conditional on continued payment - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-03-18T04:25:49+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/dana-to-spend-usd-47-mn-in-egypt-this-year-conditional-on-continued-payment\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Dana to spend USD 47 mn in Egypt this year conditional on continued payment"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":629364,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/29\/egypt-repays-usd-40-mn-in-dues-to-uaes-dana-gas\/","url_meta":{"origin":631381,"position":0},"title":"Egypt repays USD 40 mn in dues to UAE\u2019s Dana Gas","author":"enterpriseam admin","date":"29 May 2018","format":false,"excerpt":"The UAE\u2019s Dana Gas announced yesterday that it received USD 40 mn in payments from the Egyptian government, bringing total dues received so far in 2018 up to USD 88.8 mn. 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":625795,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/dana-gas-says-fresh-investments-in-egypt-delayed-over-unpaid-arrears\/","url_meta":{"origin":631381,"position":1},"title":"Dana Gas says fresh investments in Egypt delayed over unpaid arrears","author":"enterpriseam admin","date":"15 August 2018","format":false,"excerpt":"Dana Gas says fresh investments in Egypt delayed over unpaid arrears: Egypt\u2019s irregular repayments of its arrears to Dana Gas is putting a damper on the company\u2019s investment plans in the country, the company said in its earnings release yesterday (pdf). \u201cDue to the lack of regular and predictable payment\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":651397,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/12\/dana-gas-freezes-investment-in-egypt-over-delayed-payments\/","url_meta":{"origin":631381,"position":2},"title":"Dana Gas freezes investment in Egypt over delayed payments","author":"enterpriseam admin","date":"12 February 2017","format":false,"excerpt":"Dana Gas says it is freezing investments in Egypt. The company will not inject new investments in the country because of delays in obtaining payments owed to it by the government, CEO Patrick Allman-Ward said, according to Reuters. Dana Gas says it is owed USD 265 mn as of 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":600256,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/23\/dana-gas-to-invest-usd-5-bn-in-egypt-in-the-coming-few-years\/","url_meta":{"origin":631381,"position":3},"title":"Dana Gas to invest USD 5 bn in Egypt in the coming few years","author":"enterpriseam admin","date":"23 January 2019","format":false,"excerpt":"INVESTMENT WATCH- Dana Gas to invest USD 5 bn in Egypt in the coming few years: Speaking of foreign players that have been vocal about dues owed by the government: Dana Gas is planning on increasing its investments in Egypt by USD 5 bn \u201cover the coming few years,\u201d CEO\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":569108,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/13\/dana-gas-to-make-decision-on-egypt-asset-sale-by-end-of-march\/","url_meta":{"origin":631381,"position":4},"title":"Dana Gas to make decision on Egypt asset sale by end of March","author":"enterpriseam admin","date":"13 February 2020","format":false,"excerpt":"M&A WATCH- Dana Gas to make decision on Egypt asset sale by end of March: Dana Gas received \u201cnumerous\u201d bids for its Egypt assets in 2H2019 and is currently finalizing the technical and commercial evaluation ahead of making a final decision by the end of March, the company said in\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\/2020\/2\/184.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595032,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/15\/dana-gas-considers-multiple-scenarios-for-sale-of-egypt-assets-will-decide-in-november\/","url_meta":{"origin":631381,"position":5},"title":"Dana Gas considers multiple scenarios for sale of Egypt assets, will decide in November","author":"enterpriseam admin","date":"15 September 2019","format":false,"excerpt":"Dana Gas considers multiple scenarios for sale of Egypt assets, will decide in November: Dana Gas is considering offloading remaining arrears owed to it by the Egyptian state on to whoever ends up buying its Egyptian assets, CEO Patrick Allman-Ward told the UAE\u2019s Al-Ittihad newspaper on Wednesday. Speaking on 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\/2020\/1\/739.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/631381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=631381"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/631381\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/631370"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=631381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=631381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=631381"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=631381"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=631381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}