El Wastani Petroleum Company successfully drilled the North El-Basant-1 exploratory well in Egypt’s Nile Delta, adding estimated gas reserves of between 15 and 25 billion cubic feet, according to test results.
The discovery forms part of the Ministry of Petroleum and Mineral Resources’ ongoing efforts to narrow the gap between domestic production and consumption by encouraging investment partners to intensify exploratory drilling activities. It also falls within an ambitious investment program led by UAE-based Dana Gas, in cooperation with the Egyptian Natural Gas Holding Company (EGAS), across their Delta concession areas through El Wastani Petroleum.
Preparations are currently underway to connect the well to the national production grid, with expected initial output reaching around 10 million cubic feet of natural gas per day.
Officials say the new discovery underscores the continued potential of the Nile Delta as a producing basin and reflects the impact of targeted policies aimed at boosting exploration, supporting local energy supplies, and strengthening Egypt’s role as a regional gas hub.
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