Arab Finance: The UAE Dana Gas Company plans to dig the second well within its investment program in Egypt during August, expected to produce about 5 million cubic feet per day from the Bir “Piguana 2” and 3 million cubic feet per day from Bir Balsam 3, according to the website. Company.
The results of the company’s business for the first half of 2025 showed a decrease in its production in Egypt by 29%, to 12.45 thousand barrels of oil equivalent per day, explaining that the improvement of prices in the Egyptian market is to support its revenues by about 9 million dollars, while the decline in production led to a decline of 27 million dollars.
The company’s dues in Egypt increased to 89 million dollars, compared to $ 78 million, as a result of the entitlement of 28 million dollars and only $ 17 million collection. Its revenues from Egypt were 62 million dollars during the first half of 2025, compared to 79 million dollars in the same period from 2024.
Dana Gas confirmed that she is currently occupying the seventh place among the largest producers in Egypt, noting that her installed reserves of gas and condensate reached about 22.1 million barrels of equivalent oil.
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