Dana Gas announces new find in Egypt

SHARJAH, July 23, 2025 – Sharjah-based Dana Gas has confirmed 254 mcm (9 bcf) of gas reserves from the initial results of the Begonia-2 appraisal well in Egypt’s onshore Nile Delta, the company announced on Wednesday.

Begonia-2 is expected to produce 141,583 cubic metres (5 mcf) of gas per day and is the first of 11 wells planned in a USD 100 million programme to boost company reserves and gas output in Egypt. The well is located in the New El Manzala concession and operated by El Wastani Petroleum Company, a joint venture between Dana Gas and the Egyptian Natural Gas Holding Company.

Dana Gas also announced that the Balsam-3 well in the same location is undergoing recompletion to access gas reserves estimated at 133 mcm (4 bcf), with anticipated additional production of 84,950 cubic metres (3 mcf) per day. The company will redeploy the EGYPTCO rig for this work.

The investment programme aims to obtain 2.3 bcm (80 bcf) of recoverable gas over two years. Drilling is being conducted with the EDC-54 rig, with the next well expected to spud in August.

“The success of drilling this well opens vast prospects for gas production in the Begonia area and presents promising future opportunities for expansion and growth. It will also extend the operational life of our assets in Egypt,” said Dana Gas CEO Richard Hall.

Dana Gas is the Middle East’s largest private sector natural gas company, with exploration and production operations in Egypt, the Kurdistan Region of Iraq and the UAE. The company holds more than 1 billion boe in 2P reserves and produced around 55,000 boepd in 2024.

Photo of UAE gas facility courtesy of Dana Gas

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