Dana Gas Egypt (DGE) has been operating in Egypt since 2007, focusing on the development and production of natural gas and gas liquids, including condensate and liquified petroleum gas (LPG). Since entering Egypt, DGE has become the nation’s fifth largest gas producer.
Over the years, the Company has invested over US$2 billion in Egypt and created over US$10 billion in value for the Egyptian economy. This value was generated not only through gas condensates and LPG sales, but also through the broader economic impact of direct and indirect job creation.
In December 2024, Dana Gas signed a new Concession Agreement with the Egyptian Natural Gas Holding Company (EGAS) to consolidate 13 development leases under the El Manzala, West El Manzala, and West El Qantara concessions into a single concession named New El Manzala, held with 100% working interest. The consolidated area spans 387.1 square kilometres in the onshore Nile Delta. An additional 297.4 square kilometres of surrounding exploration acreage was also awarded under the agreement, expanding future development potential.
This agreement, approved in alignment with the Ministry of Petroleum and Mineral Resources’ efforts to stimulate domestic gas production, introduced more favourable fiscal terms and enhanced gas pricing. These improved terms enable reinvestment and long-term value creation, both for Dana Gas and the wider Egyptian energy sector.
Following the award of the New El Manzala concession, Dana Gas launched a US$100 million multi-year investment programme in 2025 aimed at increasing reserves, supporting domestic gas production and meeting Egypt’s growing energy demand. Over the life of the programme, Dana Gas expects to add approximately 80 Bcf of recoverable gas reserves, increase long-term production and enhancing asset value. It is also projected to save Egypt’s economy over US$1 billion by reducing reliance on imported LNG and mazut for power generation.
As of 31 December 2025, Dana Gas Egypt’s 2P reserves stood at 19.6 million barrels of oil equivalent (MMboe), according to an independent audit, compared to 22.1 MMboe at the end of 2024. The reduction reflects 2025 production of 4.6 MMboe. Reserve replacement is expected in 2026 from exploration wells located outside the existing development leases.
Dana Gas currently focuses its exploration, development and production activities in the onshore area of the Nile Delta.
DGE’s operations began in 2007 with the acquisition of Centurion Corporation, which operated two onshore concessions. Over time, Dana Gas was awarded two additional concessions and successfully expanded its exploration activities. Today, DGE holds the consolidated New El Manzala concession, comprising three former producing concessions and supplemental exploration acreage.
Production is currently sourced from approximately 30 wells, connected to an extensive 600 km pipeline network which transports all output to the El Wastani gas plant for processing and separation of dry gas, condensate and LPG. All operations are managed and operated by a requisite joint venture between Dana Gas and the Egyptian Natural Gas Holding Company (EGAS), named El Wastani Petroleum Company (WASCO).
El Wastani Gas Plant
The plant was originally commissioned in March 2002 as an early production facility. Following several expansions, its capacity reached 150 mmscfpd at the time of acquisition by Dana Gas Egypt. Subsequent debottlenecking further increased nominal capacity to 200 MMscf/d, with the plant recording peak throughput of 270 MMscfpd in May 2011.
The gas processing plant is equipped to separate wet gas into dry gas, liquid condensate and LPG. The processed products are sold and delivered to the local market. In 2025, the facility maintained excellent realibility, achieving 98% uptime.
Production
In 2025, Dana Gas Egypt produced an average of 12,584 boepd, a 24% year-on-year decline due to natural field declines typical of mature Nile Delta reservoirs. This production consisted of average daily production of 62 MMscf of gas, 1,150 bbl of condensate and 100 tonnes of LPG.
Over the prior three years, the Company managed to limit annual decline rates to below the typical 30% seen in comparable reservoirs. The successful drilling and recompletion activities carried out in 2025, together with additional planned wells in 2026, are expected to stabilise production and restore growth over time.
Concession Consolidation Agreement
Under the terms of the Consolidation Agreement, Dana Gas has committed to a multi-year investment programme targeting reserve additions and long-term production growth. The US$100 million programme will see the drilling of six exploration wells and five development wells over the next two years. The work programme is expected to increase ultimate gas recovery by 80 billion cubic feet, enhance asset value, and extend the life of Dana Gas’s Egypt portfolio.
During 2025, the Company drilled four wells and executed a workover programme across three additional wells, adding approximately 30 MMscf/d of new production and 36 Bcf of reserves. A further seven wells are planned in 2026.
The investment programme is expected to be internally funded and cash generative.
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