Dana Gas has started the sales gas production from the Zora Gas Field, located in the Sharjah Western Offshore Concession.
Subsequently sales production was delayed due to urgent maintenance work on gas supply infrastructure at the customer’s receiving facilities.
The Zora Gas Field is located approximately 35 kilometers off the coasts of Sharjah and Ajman in the U.A.E.
Dana Gas is the operator with a 100% interest, and will manage the field and the gas sales and purchase agreements. The gas is being transported through a subsea pipeline to a newly built onshore gas processing facility constructed by Dana Gas and located in the Hamriyah Free zone in Sharjah.
The field is expected to achieve a flow rate of 40 million cubic feet a day (6,650 barrels of oil equivalent).
Dr Patrick Allman-Ward , CEO, Dana Gas, said: “Zora is our first development project in the U.A.E, and as such, represents a significant milestone in the Company’s 10 year history. The project represents a considerable investment by Dana Gas and the resulting gas output will support clean, domestic power generation for Sharjah for years to come. I would like to take this moment, on behalf of everyone here at the company, to thank the Governments of Sharjah and Ajman, the Regulatory Authorities, all the contractors and the financing banks for their support in enabling this project to come to fruition.
“Despite a very tough business environment, Dana Gas is entering into a new and exciting phase of its development. Our exploration and development activities in the U.A.E. and in Egypt will provide a short to medium term boost to our overall production levels and thereby help to offset the decrease in revenue and profits resulting from the current low oil price environment. We are also operating and producing in three countries and territories for the first time in our history, namely Egypt, Kurdistan and now the U.A.E. in keeping with our strategy of diversifying our asset portfolio.”