Egypt reaffirms support for UAE energy investment to boost oil and gas production

Egypt has reaffirmed its commitment to strengthening cooperation with UAE energy companies as it seeks to attract further investment and increase oil and natural gas production.

The pledge came during a meeting between Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, and Richard Hall, Chief Executive Officer of UAE-based Dana Gas, during which they reviewed the company’s operations in Egypt and discussed plans to expand exploration, development, and production activities, including increasing natural gas output from its onshore Nile Delta concessions.

Badawi said the government remains committed to providing a stable and attractive investment environment that supports the expansion of UAE investments in Egypt’s energy sector while advancing shared economic interests.

He reiterated the ministry’s support for drilling, exploration, and field development programs to increase production from existing assets and accelerate the development of new discoveries.

The minister also underscored Egypt’s long-standing partnership with Dana Gas, adding that the government would continue to work closely with industry partners to address operational challenges and facilitate investment.

As part of efforts to boost production, Egypt is expanding the use of advanced extraction technologies, including horizontal drilling and hydraulic fracturing, to maximize recovery rates from existing reserves, Badawi said.

Hall welcomed the ministry’s continued support, noting that Dana Gas’s latest drilling program had increased its proven natural gas reserves in Egypt by 20% to 25%.

The results have prompted the company to add two additional wells to its exploration program, accelerating production and unlocking further potential across its concession areas in the Nile Delta, he said.

Hall also expressed confidence in the outlook for Egypt’s petroleum sector, citing continued improvements in the country’s investment climate as a positive indicator for future growth.