Aberdeen-based Dana Petroleum has appointed Paul Barnett as the new Managing Director of its Egypt business.
Paul took up his new position on 15 April. He has over 32 years of international exploration and production experience. Paul spent over 18 years with Shell in technical and managerial roles in Europe and the Middle East, and most recently held senior management roles for Hess Corporation in Libya and Russia.
Marcus Richards, Group Chief Executive said: “I’m delighted to welcome Paul to Dana at what is an exciting time for the Group. Paul’s extensive experience leading operations in the Middle East will be a central part of driving our business in Egypt forward.”
Paul Barnett, Dana’s Egypt Managing Director said: “I’m very enthusiastic about my role with Dana, the company’s growth plans are very exciting and I look forward to taking on a new challenge, together with the team in Egypt.”
NOTES TO EDITORS
About Dana Petroleum plc
Dana Petroleum plc, a wholly owned subsidiary of the Korea National Oil Corporation (KNOC), is an international oil and gas business with operations in the UK, Egypt, Norway, the Netherlands and Africa, producing 60,000 barrels of oil a day. Dana’s ambition is to become a leading international oil and gas company operating in Europe, Africa and the Middle East and aims to grow production significantly by investing up to $5 billion over the next five years to increase the size of the company and create value for our shareholder.
About Dana Petroleum plc in Egypt
Our business in Egypt consists of a balanced portfolio of operated and non-operated developments in the Gulf of Suez, the Nile Delta and the Western Desert. Our portfolio of 17 development leases is currently producing approximately 12,000 barrels of oil per day. This includes the East Zeit field which is operated by Zeitco, an Egyptian joint venture company formed between the Egyptian General Petroleum Company and Dana.
For further information contact:
Director of Group Communications and External Affairs
+ 44 (0)1224 616100
Group Corporate Communications Manager
+ 44 (0)1224 616100
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