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..
