Minister of Petroleum and Mineral Resources Karim Badawy met with Richard Hall, CEO of UAE-based Dana Gas, to review the company’s operations in Egypt and its plans to expand exploration and production activities. The talks focused on increasing natural gas output from the company’s onshore Delta concessions, alongside upcoming drilling and investment programs, in line with the ministry’s strategy to boost domestic oil and gas production and strengthen partnerships with investors.
Badawy highlighted Egypt’s longstanding strategic partnership with Dana Gas, noting that the government’s success in settling dues with foreign partners has reinforced investor confidence and created a stable investment climate. He stressed the ministry’s commitment to supporting partners, removing obstacles, and accelerating exploration and development programs to maximize natural resources. He also pointed to new contractual models designed to encourage investment, speed up drilling, and reduce costs, while applying advanced technologies such as horizontal drilling and hydraulic fracturing to raise production levels.
Hall expressed appreciation for the ministry’s support, emphasizing that regular payments of dues reflect the Egyptian government’s credibility and have strengthened Dana Gas’s confidence in the local market. He confirmed the company’s intention to expand investments and pursue its ambitious exploration and production program. He noted that recent drilling campaigns had increased proven gas reserves by 20–25 percent, prompting the addition of two new wells to the exploration plan to accelerate production and capitalize on promising opportunities in Egypt.
The Dana Gas CEO praised the progress of Egypt’s petroleum sector, the evolving investment climate, and the strong cooperation with the ministry, highlighting the efficiency of the company’s team in Egypt as a key factor behind recent positive results.
