Dana Gas will proceed with exploration and development plans at the Western Offshore concession in the Emirate of Sharjah as part of a new 25-year agreement with the Government of Sharjah, UAE.
The deal will see Dana Gas’ entry in the GCC exploration sector. It also marks the company’s first offshore upstream asset. The concession covers some 1,000 square kilometres offshore, and will also include the development of the Zora offshore gas field by mid-2009. Dana Gas will complete the horizontal drilling of two wells which were drilled by Crescent Petroleum. The company will then install offshore platforms for processing and production.
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