Under its $100 million investment plan in Egypt, Dana Gas PJSC made a new gas discovery in the Nile Delta with initial reserves estimated at 15–25 billion cubic feet (bcf). The discovery came as El Wastani Petroleum Company (WASCO), a joint venture between Dana Gas and the Egyptian Natural Gas Holding Company (EGAS), successfully drilled the North El-Basant 1 exploratory well in the onshore Nile Delta, according to a Dana Gas press release.

The company expects the well to produce in excess of 8 million standard cubic feet per day (mmscfd) after being connected to Egypt’s natural gas grid, reinforcing the strategic role of the Nile Delta in meeting growing local demand, the release noted.

WASCO operates the West El Manzala Concession in the Nile Delta region, where Dana Gas first discovered the El Basant gas field in 2008. North El-Basant 1 is the fourth well in Dana Gas’s 11-well drilling programme, which includes development and exploration wells designed to increase reserves and support long-term production in Egypt.

The programme is expected to add approximately 80 billion cubic feet (bcf) of recoverable gas over its life, while recently drilled wells and recompletion activities have already contributed about 30 million standard cubic feet per day (mmscfd) of additional production capacity, according to the company.

Dana Gas plans to spud the fifth well in the programme, the Daffodil exploration well, in early January 2026, as it accelerates activity under improved fiscal terms agreed with EGAS.

The company stated that the success at North El-Basant 1 underscores the potential of the Nile Delta and supports efforts to expand domestic natural gas production, reduce reliance on imported liquefied natural gas and fuel oil, and generate substantial savings for the Egyptian economy over time.