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News // Asia

UAE's Dana Petroleum Announced Record Production

28 February 2008 , 11:11633
UAE's Dana Petroleum PLC announced record production in 2007, and said that it is likely to increase it even more in 2008 with the full-year effect of new fields and strategic acquisitions in Norway and Egypt.

The energy company said the average full-year oil and gas production showed 37 pct growth, to a new record high of about 30,500 barrels of oil per day equivalent, and it raised production capacity to 45,000 boepd in 2007.

A total of 17 exploration wells are planned to be drilled in 2008, with rigs for 14 of these wells already secured, Dana said.

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