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Dana Gas : Reports Successful Results at the ‘Begonia-2’ Appraisal Well and Progress on ‘Balsam-3’ in Egypt’s Onshore Nile Delta
Dana Gas : Reports Successful Results at the ‘Begonia-2’ Appraisal Well and Progress on ‘Balsam-3’ in Egypt’s Onshore Nile
About this update from Dana Gas Pjsc
[{"type":"text","content":"\n \n Dana Gas Reports Successful Results at the 'Begonia-2' Appraisal Well and Progress on 'Balsam-3' in Egypt's Onshore Nile Delta\n \n \n Begonia-2 confirms 9 bcf of gas reserves and will produce 5 mmscfd\n \n \n Balsam-3 recompletion underway with 4 bcf in expected reserves and 3 mmscfd in additional production\n \n \n Kicks off an 11-well drilling program to boost gas recovery and long-term production\n \n \n \n Sharjah, UAE; 23 July 2025: Dana Gas PJSC (the \"Company\"), the Middle East's largest regional private sector natural gas company, announces successful initial results from the Begonia-2 appraisal well and the initiation of recompletion works at the Balsam-3 well in Egypt's onshore Nile Delta. These milestones mark the first stage of Dana Gas's $100 million investment programme to support domestic gas production, increase reserves, and meet growing energy demand.\n 'Begonia-2' is the first appraisal well within the Begonia development area and the first of eleven appraisal and exploration wells planned under the programme. Drilling and logging results indicate that the well contains 9 billion cubic feet (bcf) of gas as an initial estimate, which is subject to increase. Begonia-2 will produce an additional 5 million cubic feet per day. The well is located in the \"New El-Manzala\" concession and is operated by the Joint Venture, El-Wastani Patrolmen Company (Wasco).\n \n \n The $100 million investment programme is expected to significantly increase Dana Gas's longterm production in Egypt and add approximately 80 bcf in recoverable gas reserves over the course of the two-year plan. Drilling is being carried out using the EDC-54 rig, and the next well is expected to spud in August.\n \n \n In parallel, the Company has also begun to re-complete several wells in other geological layers, which are expected to add more reserves and enhance production. Work is currently underway on the Balsam-3 well, where Dana Gas has redeployed the EGYPTCO rig from its plug-and-abandonment (P&A) mode. Estimated reserves from the recompleted well are 4 bcf, with an anticipated additional production of 3 million cubic feet of gas per day. The successful recompletion of Balsam-3 is expected to reduce the risk associated with drilling exploration wells in the area and further enhance output.\n \n \n Richard Hall, CEO, Dana Gas, said: \"T...