Hamid Dhia Jafar and Patrick Allman-Ward serve as chairman and chief executive officer of Dana Gas, respectively.

Dana Gas was incorporated and listed on the Abu Dhabi Securities Exchange in 2005 with founder shareholders being Crescent Petroleum, the Sharjah government, and hundreds of regional businesses and other individuals.

[11] As part of Pearl Petroleum, Dana Gas has had multiple disputes over rights and payments with the Kurdistan Regional Government (KRG).

In 2013, Pearl Petroleum submitted a case against the KRG in the London Court of International Arbitration (LCIA), alleging the ruling body underpaid for gas liquid production and were denying other contractual rights.

[12][13] In November 2015, a London court ruled in the consortium's favor, confirming contractual rights for sole development and awarding damages for overdue payments totaling $1.98 billion.

[14] In February 2017, the LCIA determined the KRG had prevented Dana Gas from developing the Chemchemal and Khor Mor reservoirs, per the 2007 agreement.

The court ordered the KRG to pay approximately $121 million plus interest for money owed; punitive damages would be determined later.

[15] In April 2017, the International Court of Arbitration in London ruled in favor of the government's Ministry of Natural Resources, resulting in fewer payments to Dana Gas by the KRG.

[16] Pearl Petroleum then filed a petition one month later in a federal court in Washington, D.C., seeking damages of at least $26.5 billion because of project delays.

[23][43] The Khor Mor plant, active since 2008, supplies natural gas to power stations in Bazian, Chemchemal, Erbil.

[44][45] Dana Gas' net share of production in Iraqi Kurdistan was approximately 26,000 barrels (4,100 m3) of oil equivalent per day during 2017 and the first half of 2018.

[52] The company's $17 million contract for construction of the offshore platform was awarded to the Interserve subsidiary Adyard Abu Dhabi in November 2013.

[65] He was appointed in 2013, replacing Rashid Saif Al Jarwan, who was serving as interim CEO following Ahmed al-Arbeed's retirement.

[38] In 2012, Dana Gas became the first UAE company to not repay Islamic bonds on maturity, due to backlogged payments from Egypt and Iraqi Kurdistan.

[73] In 2017, Dana Gas entered a legal dispute after stopping payments on $700 million in sukuk,[76] which the company said was no longer Shariah-compliant.

[79] The company initially offered to replace the sukuk with new securities producing a lower average current profit rate, then retracted the proposal in favor of adjudication following rejection by creditors.

[85][86][87] In May 2018, Dana Gas and creditors represented by Deutsche Bank,[88] including BlackRock and Goldman Sachs,[89] agreed to issue new sukuk valued at $530 million.