Dana Gas, the Middle East’s largest private gas company, announced a major discovery at the North El-Basant 1 well in Egypt’s Nile Delta, with estimated reserves of 15–25 bcf and production expected above 8 mmscfd.

This is the fourth of 11 wells under its $100 million programme to boost domestic supply and reserves.

Earlier wells added 10 mmscfd, while three recompletions contributed 9 mmscfd, totaling around 30 mmscfd of new production.

The programme aims to add roughly 80 bcf in recoverable reserves. The fifth well, Daffodil, is scheduled to spud in early January 2026.