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APA Targets 5% Oil Growth, Expects Mid-2028 Suriname First Oil

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APA is pursuing additional oil and gas exploration across its Western Desert acreage in Egypt after a renegotiated gas-price agreement improved incentives, with roughly half its gas volumes receiving the new price over the past 18 months. APA also expects $950 million net cash flow this year from gas trading and targets more than 5% oil CAGR for the next three years, led by Gran Morgu offshore Suriname with first oil expected mid-2028.

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