Dana Gas Discovers 10 Bcf Gas in Egypt, Expands $100 Million Nile Delta Investment Program

SEATTLE (Oil Monster): UAE-based Dana Gas has announced a significant natural gas discovery that exceeded expectations, strengthening its commitment to Egypt’s thriving energy sector. The development will provide huge support to Egypt’s ongoing efforts to boost domestic natural gas production and reduce dependence on imported liquefied natural gas (LNG).

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The Sharjah-headquartered company announced that a newly drilled well in Egypt's Nile Delta yielded an estimated 10 billion cubic feet (Bcf) of natural gas. The estimates surpass the original forecast of 3 Bcf. The discovery has opened additional development opportunities within the concession area.

Dana Gas, in cooperation with Egyptian energy authorities, has been executing a $100 million investment program focused on its Egyptian assets. The company reported a production of 13,060 barrels of oil equivalent per day during the first quarter of 2026, marking a 4% jump over the corresponding period a year before.

The increased production during the quarter is the result of a successful 2025 drilling campaign that added 36 Bcf of reserves and 30 MMscf/d of production capacity, the company authorities noted.

Incidentally, Dana Gas plans to drill four additional wells before the end of 2026.