26 April 2024
Dana Petroleum teams up with BG in Egyptian concession
Publication date: 21 July 2010
Gas Strategies Group
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Dana Petroleum has agreed to purchase a 50% stake in the El Manzala Offshore Area Concession, off the coast of Egypt from BG Group. The Aberdeen-based oil and gas explorer will fund the cost of the next exploration well, planned for early visual_editor011, up to an agreed cap in order to earn the 50% stake in the concession.