Dana Petroleum Limited
Private Limited Company · London
ActiveUnited KingdomIncorporated 1997Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Group accounts
Net assets
−£175,526,000
Cash
£50,340,000
Turnover
£511,654,000
Profit / loss
−£328,057,000
Current assets
£301,098,000
Creditors < 1 year
£286,337,000
Equity
−£175,526,000
Average employees
228
Balance-sheet trend
GBP · consolidatedFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Group · AI-read | 2024-12-31Group · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | −£175,526,000 | £151,902,000 |
| Equity | −£175,526,000 | £151,902,000 |
| Share capital | £54,105,000 | £54,105,000 |
| Retained earnings | −£527,704,000 | −£199,647,000 |
| Assets | ||
| Fixed assets | £804,138,000 | £916,243,000 |
| Intangible assets | £91,973,000 | £219,056,000 |
| Property, plant & equipment | £372,121,000 | £650,461,000 |
| Current assets | £301,098,000 | £463,371,000 |
| Cash at bank | £50,340,000 | £38,180,000 |
| Debtors | £174,951,000 | £204,232,000 |
| Stock | £19,947,000 | £21,233,000 |
| Liabilities | ||
| Creditors within one year | £286,337,000 | £330,638,000 |
| Creditors after one year | £994,425,000 | £897,074,000 |
| Bank loans & overdrafts | £37,175,000 | — |
| Provisions | £892,135,000 | £717,406,000 |
| Profit & loss | ||
| Turnover | £511,654,000 | £708,892,000 |
| Cost of sales | £262,574,000 | £395,840,000 |
| Gross profit | −£210,640,000 | £258,302,000 |
| Administrative expenses | £11,705,000 | £9,814,000 |
| Other operating income | £7,312,000 | −£297,000 |
| Operating profit | −£341,111,000 | £175,968,000 |
| Interest receivable | £12,657,000 | £11,406,000 |
| Interest payable | £53,123,000 | £39,245,000 |
| Profit before tax | −£405,300,000 | £152,427,000 |
| Tax | −£77,243,000 | £129,613,000 |
| Profit / loss | −£328,057,000 | £22,814,000 |
| Cash flow | ||
| Net debt | −£13,165,000 | −£38,180,000 |
| People & pay | ||
| Average employees | 228 | 238 |
| Staff costs | £37,671,000 | £37,729,000 |
| Wages & salaries | £29,720,000 | £30,194,000 |
| Social security costs | £4,355,000 | £3,869,000 |
| Pension costs | £3,596,000 | £3,666,000 |
| Directors' remuneration | £1,145,000 | £1,152,000 |
| Highest paid director | £367,000 | £315,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Auditor
- KPMG LLP
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Korea National Oil Corporation (KNOC)
- Ultimate parent
- Korea National Oil Corporation (KNOC)
- Ultimate controlling party
- Korea National Oil Corporation (KNOC)
- Accounts
- IFRS
- Approved
- 2026-07-21, signed by Ewan Wildgoose
Subsidiaries (12)
- Dana Petroleum (E&P) Limited · 100% · UK; 78 Cannon Street, London, EC4N 6AF · Oil & gas exploration and production
- Dana Petroleum (North Sea) Limited · 100% · UK; 78 Cannon Street, London, EC4N 6AF · Non Trading
- Dana Petroleum (BUVK) Limited · 100% · UK; 78 Cannon Street, London, EC4N 6AF · Oil & gas exploration and production
- Dana Petroleum (East Med) Limited · 100% · UK; 78 Cannon Street, London, EC4N 6AF · Oil & gas exploration and production
- Dana Petroleum East Zeit Limited · 100% · Cayman Islands/Egypt; Ugland House, South Church Street, PO Box 309, George Town, Grand Cayman, Cayman Islands · Oil & gas exploration and production
- Dana Petroleum East Beni Suef Limited · 100% · Cayman Islands/Egypt; Ugland House, South Church Street, PO Box 309, George Town, Grand Cayman, Cayman Islands · Oil & gas exploration and production
- Dana Petroleum Qarun Limited · 100% · Cayman Islands/Egypt; Ugland House, South Church Street, PO Box 309, George Town, Grand Cayman, Cayman Islands · Oil & gas exploration and production
- Dana Petroleum WAG Limited · 100% · Cayman Islands/Egypt; Ugland House, South Church Street, PO Box 309, George Town, Grand Cayman, Cayman Islands · Oil & gas exploration and production
- Dana Petroleum North Zeit Bay Limited · 100% · Cayman Islands/Egypt; Ugland House, South Church Street, PO Box 309, George Town, Grand Cayman, Cayman Islands · Oil & gas exploration and production
- Dana Petroleum South October Limited · 100% · Bahamas/Egypt; Ocean Centre, Montagu Foreshore, East Bay Street, PO Box ss-19084, Nassau, New Provence, The Bahamas · Oil & gas exploration and production
- Dana Petroleum (Holdings) B.V. · 100% · The Netherlands; Binckhorstlaan 410, 2516 BL The Hague, Netherlands · Holding Company
- Dana Petroleum Netherlands B.V. · 100% · The Netherlands; Binckhorstlaan 410, 2516 BL The Hague, Netherlands · Oil & gas exploration and production
Related parties (10)
- KNOC · Immediate and ultimate parent company and ultimate controlling party · Service and management fees paid by the Group · £301,000
- KNOC · Immediate and ultimate parent company and ultimate controlling party · Service and management fees paid by the Group · £283,000
- KNOC · Immediate and ultimate parent company and ultimate controlling party · Loan due from KNOC · £185,860,000
- KNOC · Immediate and ultimate parent company and ultimate controlling party · Interest receivable due from KNOC · £1,154,000
- KNOC · Immediate and ultimate parent company and ultimate controlling party · Loan due from KNOC · £199,617,000
- KNOC · Immediate and ultimate parent company and ultimate controlling party · Interest receivable due from KNOC · £1,993,000
- KNOC · Immediate and ultimate parent company and ultimate controlling party · Guarantee fee paid · £2,771,000
- KNOC · Immediate and ultimate parent company and ultimate controlling party · Guarantee fee paid · £2,581,000
- Subsidiary undertakings · Group companies · Amounts owed under multi-currency notional cash pool · £549,797,000
- Subsidiary undertakings · Group companies · Amounts owed under multi-currency notional cash pool · £578,310,000
Borrowings (3)
- KEXIM revolving loan facility with The Export-Import Bank of Korea · $300M · Renewed in January 2026 with a new expiry of January 2028 for the availability period; ability to draw down to expiry with a maximum 12-month tenure
- Loan included in amounts owed to subsidiary undertakings; denominated in USD · £150,521,000 · SOFR · Repayable at the earlier of 31 December 2028 or a date agreed by both parties; lender may demand repayment with 10 days’ notice
- Loan from KNOC under amended Loan Facility · $500M facility (increased from $300M) · Availability period extended to 3rd July 2030; loans repayable, if requested, within 20 business days
Events after the year end (4)
- On 10th June 2026, the Facility Agreement between Dana Petroleum Limited and KNOC was amended to increase the maximum Facility amount to $500M (from $300M), and the availability period was amended from 3rd July 2027 to 3rd July 2030.
- On 17th June 2026, extensions to the repayment deadline on the existing loans to KNOC were granted, and a further loan of $150M was made in June 2026, repayable on 8th July 2027.
- In Q1 2026, Dana drew an additional $65M against the KEXIM Loan Facility, bringing the borrowing to $115M; $40M has since been repaid with $75M remaining drawn as at signing of the accounts.
- During the first half of 2026, the overdue Egypt receivable balance as at 31st December 2025 was fully repaid by EGPC and Ganope.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesShow 43 satisfied / released
All Assets · created 2022-07-06 · satisfied 2023-07-27
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SatisfiedFixed · created 2022-07-05 · satisfied 2023-07-27
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SatisfiedFixed · created 2022-07-05 · satisfied 2023-07-27
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SatisfiedFixed · created 2022-07-05 · satisfied 2023-07-27
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SatisfiedFixed · created 2022-07-05 · satisfied 2023-07-27
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SatisfiedAll Assets · created 2022-07-05 · satisfied 2023-07-27
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SatisfiedFixed · created 2022-07-05 · satisfied 2023-07-27
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SatisfiedFixed · created 2022-07-05 · satisfied 2023-07-27
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SatisfiedFixed · created 2022-07-05 · satisfied 2023-07-27
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SatisfiedFixed · created 2019-03-21 · satisfied 2023-07-28
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SatisfiedBnp Paribas, Dnb Bank Asa, London Branch, CrãDit Agricole Corporate And Investment Bank, Dnb (UK) Limited
Fixed · created 2019-03-21 · satisfied 2023-07-28
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SatisfiedFixed · created 2019-03-21 · satisfied 2023-07-28
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SatisfiedAll Assets · created 2018-09-10 · satisfied 2023-07-27
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SatisfiedFixed · created 2018-09-10 · satisfied 2023-07-27
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SatisfiedFixed · created 2018-09-10 · satisfied 2023-07-27
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SatisfiedFixed · created 2018-09-10 · satisfied 2023-07-27
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SatisfiedAll Assets · created 2018-09-10 · satisfied 2023-07-27
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SatisfiedAll Assets · created 2013-12-19 · satisfied 2018-09-18
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SatisfiedAll Assets · created 2013-12-19 · satisfied 2018-09-18
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SatisfiedFixed · created 2013-12-19 · satisfied 2018-09-18
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SatisfiedFixed · created 2013-12-19 · satisfied 2018-09-18
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SatisfiedFixed · created 2013-12-19 · satisfied 2018-09-18
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SatisfiedFixed · created 2012-12-13 · satisfied 2022-01-13
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SatisfiedFixed · created 2011-09-20 · satisfied 2013-12-23
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SatisfiedShares · created 2011-09-19 · satisfied 2013-12-23
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SatisfiedAll Assets · created 2011-03-18 · satisfied 2013-12-23
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SatisfiedShares · created 2011-03-18 · satisfied 2013-12-23
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SatisfiedUnknown · created 2011-03-18 · satisfied 2013-12-23
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SatisfiedFloating · created 2011-03-18 · satisfied 2013-12-23
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SatisfiedFixed · created 2011-03-18 · satisfied 2013-12-23
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SatisfiedFloating · created 2011-03-18 · satisfied 2013-12-23
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SatisfiedFloating · created 2010-08-11 · satisfied 2013-12-23
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SatisfiedShares · created 2010-08-11 · satisfied 2013-12-23
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SatisfiedFloating · created 2010-08-11 · satisfied 2013-12-23
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SatisfiedShares · created 2010-08-11 · satisfied 2013-12-23
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SatisfiedAll Assets · created 2009-07-03 · satisfied 2010-09-03
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SatisfiedShares · created 2009-07-03 · satisfied 2010-09-03
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SatisfiedFloating · created 2009-03-11 · satisfied 2010-09-03
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SatisfiedShares · created 2009-03-11 · satisfied 2010-09-03
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SatisfiedShares · created 2009-03-11 · satisfied 2010-09-03
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SatisfiedFloating · created 2007-09-13 · satisfied 2009-02-27
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SatisfiedShares · created 2007-09-13 · satisfied 2009-02-27
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SatisfiedFloating · created 2002-10-04 · satisfied 2007-10-02
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Satisfied