Dana Gas Proves 10 Bcf of Natural Gas in Egypt, Plans to Drill Four More Wells in 2026

en.Wedoany.com Reported - Dana Gas's latest well in the onshore Nile Delta of Egypt has proven approximately 10 billion cubic feet (Bcf) of natural gas resources, a result significantly exceeding the pre-drill estimate of 3 Bcf. The well's outcome also unlocks an additional 12 Bcf of potential gas resources within the license area, which the company says will be targeted through subsequent development and exploration activities.

Dana Gas is executing a $100 million investment program across its Nile Delta asset portfolio, aimed at stabilizing production and restoring growth. The program has driven the company's first year-on-year production increase since 2017, with average output rising 4% in the first quarter of 2026 to 13,060 barrels of oil equivalent per day (boe/d). In 2025, the company completed drilling four wells and performed workovers on three additional wells, adding approximately 30 million standard cubic feet per day (MMscf/d) of new capacity and 360 Bcf of new reserves. According to the plan, Dana Gas will drill four more wells in Egypt by the end of 2026.

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