(MENAFN) The UAE's Dana Gas generated 70,000 barrels per day (bpd) in November, marking a major jump from the 62,250 bpd registered from January to September.
The results were driven by the drilling programme in Egypt as well as the boost in output from the UAE giant's debottlenecking project in the Iraqi Kurdistan region.
"At the start of the year, we planned a drilling programme in Egypt and a debottlenecking project in the KRI that would significantly increase production. We have successfully delivered both projects," stated CEO Dr Patrick Allman-Ward.
"The increase in production will help offset the lower realised hydrocarbon prices that have impacted the oil industry in the last quarter and support growth in our revenue and net profit figures for the full year 2018 and beyond," the CEO added.
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