Dana Gas, the Middle East’s private sector natural gas company, has signed a Memorandum of Understanding (MoU) with the Syrian Petroleum Company (SPC) to explore the potential for the redevelopment and expansion of several natural gas fields across central Syria.
The fields include
the Abu Rabah gas field – one of the largest gas discoveries in Syria – as well
as other SPC gas fields.
Dana Gas is the first developer to sign such an agreement.
Under the terms of the MoU, Dana Gas will conduct a
comprehensive technical assessment of the identified fields and propose a
development plan aimed at significantly increasing total gas production if the
evaluation is successful and both parties reach a final agreement.
Richard Hall, CEO of Dana Gas, said: “This agreement marks
an important first step in evaluating opportunities to redevelop Syria’s gas
infrastructure and unlock the potential that exists within its gas sector. The
fields identified under this MoU could make a real difference to domestic gas
production, strengthening Syria’s energy security and supporting local
communities.
He added: “Our confidence in taking on this challenge is
two-fold: first, the professionalism and technical strength of the Syrian
Petroleum team and second, our own proven development and operational
expertise, most recently demonstrated through the early completion of the KM250
expansion project in Iraq alongside our joint operating partner. The lessons
and capabilities we developed there are directly transferable to projects such
as this, where hands-on execution, technical and financial discipline, and
regional understanding are key to delivery. We are grateful to our Syrian
counterparts for their trust and partnership as we embark on this effort.” -OGN/TradeArabia News Service
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