Dana Gas reports $157m net profit for 2019

Dana Gas reports $157m net profit for 2019

Net profit from our normal operations nearly doubled to $115 million, supported by an increase in production from the Kurdistan Region of Iraq despite the drop in realised prices.. Pearl has also been progressing with its expansion plans in Khor Mor which will take production up to 650 MMscf/d in Q1 2022, and 900 MMscf/d in 2023.. Group production rose 5% during 2019, averaging 66,200 boepd versus 63,050 boepd in 2018.. Production was boosted by an 18% jump in output from the KRI, which reached 31,500 boepd.. The offset drops in production from Egypt, which fell 4% to 33,000 boepd versus 34,500 boepd in 2018, and the UAE, which averaged 1,000 boepd in 2019..