Dana Gas, a private gas company focused the Middle East, has added 21.3 billion cubic feet (bcf) of proved and probable gas reserves in Egypt during the first nine months of 2025, even as its production in the country fell by 28% over the same period.
The reserves boost comes as part of a $100m investment programme under Egypt’s 2024 Consolidated Concession Agreement.
The company drilled three new wells in the Nile Delta, with Begonia-2 and Salma Delta-6 confirming 15 bcf of reserves and a potential upside of 3 bcf.
These wells are expected to contribute up to 12 mmcf/d by year-end.
An additional 6.3 bcf was added through the re-completion of three existing wells, bringing current output to 9 mmcf/d.
Despite the reserve gains, Dana Gas reported a drop in Egyptian production to 12,300 boe/d, citing natural field declines.
However, the company expects growth to resume in 2026 as its investment programme aims to recover 80 bcf of gas and save Egypt over $1bn by reducing reliance on imported LNG and fuel oil.
“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 Dana Gas chief executive Richard Hall.
Group-wide, Dana posted a net profit of $103m (AED 379m) for the first nine months of 2025, down from $112m in the same period last year.
Total production averaged 50,900 boe/d, compared to 55,300 boe/d in 2024.
Hall highlighted the completion of the KM250 facility in Iraq’s Khor Mor field as a key milestone.
The expansion adds 250 mmcf/d of processing capacity, increasing the site’s total by 50% and potentially boosting company revenue by up to 35%.
Recent gas discoveries and additions in Egypt
Egypt’s natural gas reserves continue to grow, with recent discoveries adding over 36 bcf in 2025 alone.
Dana Gas added 21.3 bcf of proved and probable reserves in the Nile Delta during the first nine months of 2025.
Badr El Din Petroleum (BAPETCO) discovered a new gas field in the Western Desert’s Badr-15 concession that also contributed 15 bcf to Egypt’s reserves.
The BED 15-31 well is already producing 16 million cubic feet of gas and 750 barrels of condensate per day.
Earlier this month, ExxonMobil signed a fresh agreement with Egypt’s state-owned gas company EGAS to expand its natural gas exploration activities in the Mediterranean Sea.
There are also ongoing plans to fast-track development and early production at the North Marakia concession—home to the Nefertari-1 gas discovery.
Gas productions trends in Egypt
Egypt’s gas output began recovering in mid-2025 after a four-year slump, increasing by over 200 mmcf/d.
This rebound helped reduce the country’s fuel import bill by $3.6bn and settle $1bn in arrears to international partners.
Between July 2024 and May 2025, 75 wells were drilled across Egypt, resulting in 40 new oil and gas discoveries, according to the Ministry of Petroleum and Mineral Resources.
Egypt’s gas reserves support its ambitions to become a regional energy hub, supplying domestic needs and exporting LNG to Europe and Asia.
The government continues to incentivise exploration and production, with reforms aimed at attracting foreign investment and boosting output.