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UAE and Egypt... Strategic partnership, firmed principles, and a comprehensive development renaissance
22 Jun 2021
UAE and Egypt... Strategic partnership, firmed principles, and a comprehensive development renaissance
H.E. Dr. Patrick Allman-Ward
Chief Executive Officer - Dana Gas
Egypt’s prudent management of the country’s oil and gas industry has been key in attracting international investors to the robust growth opportunities it offers. The Egyptian government recognizes the importance of the oil and gas industry, which has grown rapidly in recent years, boosting the nation’s economy and generating thousands of new jobs.
Dana Gas is proud to have played a role in realizing the country’s hydrocarbon potential and reach its goal of becoming a gas export hub. Over the past 12 years, we have invested a total of $2 billion in Egypt, making us the country’s fifth-largest gas producer. Today, we produce 30,000 barrels of oil equivalent per day in Egypt and are embarking on an exciting offshore drilling project in our highly prospective Block 6 Exploration Concession Area which contains over 20 Tcf of prospective resources that has the potential to further enhance the country’s gas supply and sustain its LNG export capacity.