ZAWYA-PROJECTS: Dana Gas aims to cut operating costs per well to less than $3: Report
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Dana Gas aims to reduce operating costs per well to below $3 per boe, down from $4 last year, as stated by CEO Richard Hall. The company reported a net profit of AED476 million ($130 million) for 2025, a 14% decrease from AED553 million in 2024, impacted by lower Brent crude prices and production declines in Egypt. Dana Gas plans to drill 11 new wells in Egypt as part of a $100 million investment program, with four completed so far. The KM250 gas expansion project has increased production capacity significantly.
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