Dana Gas has announced the initial results from the Begonia-2 appraisal well and progress of recompletion works at the Balsam-3 well in Egypt’s onshore Nile Delta

Minister of Petroleum and Mineral Resources Karim Badawi visited the Begonia-2 well site within the New El Manzala concession area, operated by Wastani Petroleum Company (WASCO) in partnership with Dana Gas.

Dana Gas, a UAE-based energy company, is set to resume its drilling activity in Egypt starting March, following the receipt of overdue payments from the Egyptian General Petroleum Corporation (EGPC).

Dana Gas, the largest private-sector natural gas company in the Middle East, has confirmed the receipt of a payment of approximately $20 million from the Egyptian government.

UAE-based energy company Dana Gas is waiting for the Egyptian government to settle $24 million of its outstanding dues, totaling $59 million, to facilitate a significant production expansion.

Minister of Petroleum and Mineral Resources Karim Badawi held multiple meetings with leaders of several companies operating in Egypt, including Dragon Oil, Dana Gas, Mediterra, and Naftogaz, to explore ways of enhancing oil and gas production.

Dana Gas’ receivables in Egypt are valued at $58 million.

Dana Gas will inject investments worth around $43 million into the Egyptian market in 2024, CEO Richard Hall revealed.

UAE-based company Dana Gas is expecting to obtain the Egyptian Parliament’s approval on the gas exploration agreement signed with the Egyptian Natural Gas Holding Company (EGAZ) by the end of the year.

Sharjah-based natural gas company Dana Gas is planning to invest around $100 million into drilling 11 new wells in Egypt this year, the company’s Head of Investor Relations and Corporate Communications Mohammed Mubaideen said.

He added, ion the sidelines of the sixth edition of the Egypt International Petroleum Exhibition and Conference "EGYPS 2023", that his company is "very interested" in the bids that Egypt intends to launch soon for oil and gas exploration, adding that "We are currently studying the items related to this investment opportunity."