Dana Gas PJSC 2016 AR2
The report highlights Dana Gas's operational and financial performance for the fiscal year 2016. Despite a challenging low oil price environment, the company achieved a 5% increase in average group production to 67,050 boepd, driven by strong growth in Egypt. Financially, Dana Gas reduced its G&A expenses by 43% and operational costs by 7%, though it recorded a net loss of US$88 million due to one-time interest adjustments on overdue receivables. The company also made significant progress in its international arbitration cases in the Kurdistan Region of Iraq and against NIOC, while maintaining its commitment to health, safety, and corporate social responsibility.
Company: Dana Gas PJSC
Sector: Mining & quarrying
Country: United Arab Emirates
Year: 2016
Type: AR2
Pages: 88
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Dana Gas PJSC
Annual Report And Accounts
The report highlights Dana Gas's operational and financial performance for the fiscal year 2016. Despite a challenging low oil price environment, the company achieved a 5% increase in average group production to 67,050 boepd, driven by strong growth in Egypt. Financially, Dana Gas reduced its G&A expenses by 43% and operational costs by 7%, though it recorded a net loss of US$88 million due to one-time interest adjustments on overdue receivables. The company also made significant progress in its international arbitration cases in the Kurdistan Region of Iraq and against NIOC, while maintaining its commitment to health, safety, and corporate social responsibility.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Workplace Fatalities
Employees