Middle East Economic Survey

VOL. XLVIII

No 48

28-November-2005

REGIONAL

Dana Petroleum Announces Algeria Farm-In, Asset Swap With GdF

Dana Petroleum on 8 November announced that its subsidiary Dana Petroleum (E&P) had signed two asset swap agreements with Gaz de France (GdF). In the first, GdF agreed to assign Dana a 15% working interest in the production sharing contract for Algerias onshore Blocks 352a and 353, located in the southwest Sbaa Basin, for $93mn cash. Dana said an estimated 2.6...