UAE Dana Gas has reported encountering new gas in the North El-Basant 1 exploratory well, onshore Nile Delta, in Egypt.
The company describes the hit as “significant”.
“Production is expected to exceed eight million standard cubic feet of gas per day (8MMscf/d) once connected to the national network “, Dana explains in the statement.
North El-Basant 1 is the fourth of the 11 development and exploration wells under the Sharjah headquartered company’s $100Million investment programme to boost gas recovery and long-term production to support domestic gas production, increase reserves and meet growing energy demand.
Earlier in 2025, Dana Gas completed the drilling of three wells successfully adding 10MMscf/d. The programme is expected to increase long-term production and add approximately 80BCF in recoverable gas reserves throughout the programme’s life.
“In parallel, the company successfully re-completed three wells, adding 9MMscf/d of production outside the current investment programme. Accordingly, drilling and recompletion programmes executed are adding approximately 30MMscf/d of new production.
Dana Gas expects to spud the fifth well in the programme, the Daffodil exploration well, in the first week of January 2026.
“When you share your news through OGV, you’re not just getting coverage – you’re getting endorsed by the energy sector’s most trusted voice.”
