UAE-based Dana Gas posted a $139mn net profit for 1H 2021 versus a $19mn loss for the year ago period. This came as revenues from the firm’s two areas of operation – Iraqi Kurdistan and Egypt’s Nile Delta– rose 19% year-on-year to $216mn for 1H 2021.
Dana has 35% of the Pearl Consortium, on behalf of which it and Crescent Petroleum operate the Khor Mor gas-condensate field in Iraqi Kurdistan. Here gross output rose 8% year-on year to 98,000 boe/d for 1H 2021: 429mn cfd gas, 26,600 b/d condensate and around 11,000 b/d LPG. However, Q2 output of 95,400 boe/d (including 419mn cfd gas) was down on Q1’s record quarterly figure of 100,900 boe/d. (CONTINUED - 370 WORDS)