Dana Gas preparing for first deepwater Egypt well

Egypt’s government has paid Dana Gas $20 million with further payments likely to follow before year-end.

Offshore staff

SHARJAH, UAE – Egypt’s government has paid Dana Gas $20 million with further payments likely to follow before year-end.

These will allow the company to proceed with plans to drill the Merak deepwater exploration well, its first on the block 6 North El Arish Concession Area, said CEO Dr Patrick Allman-Ward.

Drilling should get under way next year.

12/18/2018

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