Dana Gas reports drilling success in Egypt
Dana Gas announced positive results in its drilling operations in Egypt, having settled all its overdue dues after receiving additional payments of 79 million AED (approximately 21.5 million USD). This comes as part of its investment program aimed at increasing production and boosting gas reserves, with production expected to grow by 4% by early 2026. Additionally, four new wells are being drilled, which will add approximately 12 billion cubic feet of future gas resources.
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