Showing posts with label North El Arish Farmout Agreement. Show all posts
Showing posts with label North El Arish Farmout Agreement. Show all posts

Wednesday, November 9, 2016

Egypt: Dana Gas to review investment if not repaid dues, says in talks with potential farm-out partners - ECOFIN AGENCY

Wednesday, 09 November 2016 - 14:30Anita Fatunji

(Ecofin Agency) - Dana Gas has announced plans to review its 2017 investment plans for Egypt if the country does not pay its debt by the end of 2016, its chief executive revealed on Wednesday.

According to Patrick Allman-Ward, the payments issue is overriding several exploration developments in Egypt, for the company.

United Arab Emirates-based energy firm said its North El Arish Concession/Block 6 in the Eastern Nile Delta was an exciting prospect and the company is in talks with seven potential partners about a farm-out agreement.