Dana Gas, the Middle East’s largest regional private natural gas company, revealed drilling results across its Nile Delta concessions, with several wells completed and tied into existing infrastructure. The new wells added reserves and boosted production, enabling Egypt operations to contribute more than 30,000 barrels of oil equivalent per day (boe/d) to the company’s overall output, noted a press release by the company.
The progress in Egypt reflects a convergence of factors: the strengthened fiscal framework under the Consolidated Concession Agreement, constructive cooperation with the Egyptian government, the clearance of all overdue receivables, and Dana Gas’ sustained investment in its asset base. With arrears fully settled and payments continuing on schedule, the company’s confidence in expanding its investments in Egypt has been reinforced. This momentum aligns with the government’s broader drive to attract upstream investment, boost domestic gas production, and reduce dependence on imported liquified natural gas (LNG), the company said.
Dana Gas is actively advancing its $100 million investment program, aimed at stabilizing output and restoring growth across its Nile Delta portfolio. In the first quarter (Q1) of 2026, the company achieved a return to production growth, with average output rising 4% year-on-year (YoY) to 13,060 boe/d; the first increase since 2017. In 2025, Dana Gas drilled four wells and completed workovers on three others, adding approximately 30 million standard cubic feet per day (mmscf/d) of production and 36 billion cubic feet (bcf) of reserves.
Recent drilling has yielded results well above expectations. The latest well uncovered an estimated 10 bcf of gas reserves, more than triple the original forecast of 3 bcf. This success opens new development and exploration opportunities across the license area and could add around 12 bcf of future gas resources once brought online. Building on this momentum, the Company plans to drill four additional wells before the end of 2026.
The company confirmed full recovery of receivables in Egypt during the month by receiving an additional $21.5 million, a milestone that follows the government’s broader settlement of arrears owed to international oil companies (IOCs) on June 10.
“The Egyptian government’s settlement of all outstanding receivables and the return to full, timely payments are important developments that give us greater confidence to continue investing in Egypt. Combined with the progress we have made operationally over recent months, this demonstrates the benefits of the investment program that we continue to execute,” Richard Hall, Dana Gas CEO Commented.
