Dana Gas

Not to be confused with Dana Petroleum.
Dana Gas PJSC
Native name
 دانة غاز
Public
Traded as ADX: DANA
Industry Oil and gas industry
Founded 2005
Headquarters Sharjah, United Arab Emirates
Key people
 Ahmed bin Sultan Al Qasimi
(Honorary Chairman)
Graham James (Chairman-International Advisory Board)
Rashid Saif Al Jarwan (Executive Director)
Website www.danagas.com

Dana Gas is an independent gas company headquartered in Sharjah, United Arab Emirates. The largest private shareholder in Dana Gas is Crescent Petroleum.[1]

In May 2009, Dana Gas and Crescent Petroleum signed an agreement with MOL and OMV, shareholders of the Nabucco pipeline project, for a strategic partnership in developing gas fields in Iraq's Kurdistan.[2]

In January 2013, Dana Gas was held responsible for the flooding and destruction of the Upper Egyptian village of Fares, near Kom Ombo. It was claimed that the poisonous flooding in the village was caused by the drilling (fracking) by Dana Gas.[3]

On 10 July 2013, Dana Gas, has appointed Patrick Allman-Ward as its new CEO, replacing interim CEO Rashid Saif Al-Jarwan, the appointment will be effective from September 2013.

Also in July 2013, the firm announced it had made a significant discovery at an onshore test well in Egypt,[4] as well as announcing it had achieved record production of 39,000 barrels per day in the country.[5]

References

  1. ↑ "Crescent Petroleum signs cooperation agreement with Reliance". Zawya. 2008-06-24. Retrieved 2009-07-12.
  2. ↑ "MOL makes plans for Kurdish gas spend". Upstream Online (NHST Media Group). 2009-09-10. Retrieved 2010-06-17.
  3. ↑ Is fracking responsible for the flooding of an Upper Egyptian village?, Egypt Independent, 29/01/2013
  4. ↑ Dana Gas makes discovery in Egypt, Africa: Oil Review Africa, 2013, retrieved 2014-04-21
  5. ↑ Dana Gas reports record output in Egypt, Africa: Oil Review Africa, 2013, retrieved 2014-04-21