Dana Gas has successfully added 21.3 billion cubic feet (bcf) of proved and probable gas reserves in Egypt during the nine months ending September 30, 2025. This achievement is part of the company’s ongoing $100 million investment program in the country under the 2024 Consolidated Concession Agreement.
The company drilled three new wells in the Nile Delta, two of which, Begonia-2 and Salma Delta-6, confirmed 15 bcf of gas reserves, with potential upside of 3 bcf. These are expected to contribute 10–12 million standard cubic feet per day (mmscf/d) of production before the end of 2025. Dana Gas also re-completed three existing wells, adding 6.3 bcf of reserves, and currently produces 9 mmscf/d.
While the company stated it posted a 28% decline in the production of its Egyptian activities to 12,300 equivalent per day (boe/d), “primarily due to natural field declines”, it noted that growth is expected to resume in 2026 through its ongoing investment program.
The investment program aims to increase gas recovery by 80 bcf and is expected to generate cost savings of over $1 billion for Egypt’s economy by reducing reliance on imported Liquefied Natural Gas (LNG) and fuel oil.
The company recorded a net profit of $103 million (AED 379 million) for the first nine months of 2025. This figure is lower than the $112 million (AED 410 million) recorded in the same period of 2024, primarily due to production decline in Egypt and to lower oil prices. The company’s production for the nine months averaged 50,900 barrels of oil boe/d, compared to 55,300 boe/d for the previous year.
“Despite a lower oil price environment, our business has remained resilient, marked by the significant completion of the (Iraqi) KM250, a major milestone that will enhance our production profile and deliver positive financial impact in the coming years,” said Richard Hall, Chief Executive Officer (CEO) of Dana Gas. Hall noted that the company’s “continued investment program in Egypt and the development of the Chemchemal field in the KRI demonstrates our commitment to growth”.
The KM250 facility adds 250 mmscf/d of gas processing capacity to the Khor Mor field, increasing the site’s total installed capacity in the Kurdistan Region of Iraq (KRI) by 50%. When operating at full capacity, this expansion is expected to boost the company’s revenue by up to 35%.
Dana Gas is the Middle East’s first regional private sector natural gas Company, established in December 2005 with a public listing on the Abu Dhabi Securities Exchange (ADX). It has exploration and production assets in Egypt, the Kurdistan Region of Iraq (KRI), and the UAE.
