--- title: "ZAWYA-PROJECTS: Dana Gas aims to cut operating costs per well to less than $3: Report" description: "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" type: "news" locale: "en" url: "https://longbridge.com/en/news/275291532.md" published_at: "2026-02-09T09:06:23.000Z" --- # ZAWYA-PROJECTS: Dana Gas aims to cut operating costs per well to less than $3: Report > 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. **Staff Writer** Dana Gas aims to reduce operating costs per well to less than $3 per boe, down from approximately $4 per boe last year, according to CEO Richard Hall. The company managed to lower financing costs by 27 percent last year, he told AlSharq Business, an Arabic financial portal. Financial discipline and increased production in Egypt and the Kurdistan Region of Iraq will improve the company's profitability this year, supporting dividend payouts, Hall added. The company, which is listed on the Abu Dhabi Securities Exchange, reported a net profit of AED476 million ($130 million) for 2025, down 14 percent from AED553 million in 2024. Earnings were hit by the average Brent crude price, which fell to $69 per barrel last year, from $81 in 2024, and by production declines in Egypt due to natural field declines, according to its 2025 financial statement. Dana Gas aims to drill 11 new wells as part of its $100 million investment programme in Egypt. Four of these wells have been completed to date, with the remaining wells expected to be completed in 2026. The KM250 gas expansion project at Khor Mor was completed in October 2025, adding 250 million cubic feet per day of gas-processing capacity and increasing the field's production to 750 million cubic feet per day, a 50 percent increase. (Writing by P Deol; Editing by Anoop Menon) (anoop.menon@lseg.com) **Subscribe to our Projects' PULSE** newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa. Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here. ### Related Stocks - [XLE.US - SPDR Energy Select](https://longbridge.com/en/quote/XLE.US.md) - [DANA.US - Dana Limited Volatility ETF](https://longbridge.com/en/quote/DANA.US.md) - [USO.US - United States Oil Fund LP](https://longbridge.com/en/quote/USO.US.md) - [IXC.US - ISHRS S&P Glb Engy](https://longbridge.com/en/quote/IXC.US.md) - [BNO.US - Us Brent Oil](https://longbridge.com/en/quote/BNO.US.md) - [OIH.US - VanEck Oil Services ETF](https://longbridge.com/en/quote/OIH.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Citi says geopolitics to support oil near term; peace deals seen lowering prices | Citi forecasts that oil prices may remain supported in the near term due to geopolitical tensions, particularly involvin | [Link](https://longbridge.com/en/news/276077208.md) | | Oil trims losses as traders weigh progress in US–Iran talks | Oil prices stabilized in Asian trading after a 2% drop, with Brent futures rising to $67.65 and WTI to $62.52. Progress | [Link](https://longbridge.com/en/news/276196912.md) | | ROI-Crude oil's current Iran premium assumes no supply disruption: Russell | The current premium in crude oil prices reflects tensions between the U.S. and Iran, fluctuating based on daily news. Br | [Link](https://longbridge.com/en/news/276335019.md) | | Tethys Petroleum Press Release: Corporate update \| TETHF Stock News | Tethys Petroleum Limited has announced an operational update regarding its activities in Kazakhstan. The company has tra | [Link](https://longbridge.com/en/news/276389393.md) | | W.Africa Crude-March cargoes under pressure from freight hike | West African crude oil differentials for March-loading cargoes are under pressure due to high freight costs and ample su | [Link](https://longbridge.com/en/news/276469474.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.