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Initial analysis has indicated an estimated reserves of 15-25 bn cu/ft of gas.

Exploration & Production

Middle East-based natural gas company, Dana Gas, has made a significant gas discovery following the drilling of the North El-Basant 1 exploratory well in Egypt’s onshore Nile Delta.

As the company conducted initial analysis, the well indicated the presence of an estimated reserves of 15-25 bn cu/ft of gas. This encourages production expectations to exceed 8 mn cu/ft per day once the well is connected to the national network. 

The promising results come from the fourth of the 11 development and exploration wells under Dana's US$100mn investment programme to support domestic gas production, increase reserves and meet growing energy demand. This programme has been deseigned to boost long-term production, accumulating approximately 80 bn cu/ft in recoverable gas reserves for vast coverage.

The company is now preparing to spud the fifth well in the programme, the Daffodil exploration well, in January 2026. 

On the other hand, three wells were recompleted earlier this year, adding 9 mn standard cu/ft per day of production. Drilling and recompletion programmes are adding approximately 30 mn standard cu/ft per day of new production.

Richard Hall, CEO, Dana Gas, said, “The latest drilling success reinforces the value of our investment programme in Egypt and highlights the significant remaining potential within the Nile Delta. The North El Basant-6 result builds on the momentum of our earlier wells and supports our efforts to increase domestic gas supply and reserves. By increasing local gas production, the programme will help reduce Egypt’s reliance on imported LNG and fuel oil and is expected to generate more than one billion dollars in savings for the national economy over time.

“Our agreement with EGAS has enabled us to secure additional acreage under improved fiscal terms and to accelerate this new phase of drilling activity. We appreciate the strong cooperation from EGAS and the Ministry, and we remain committed to delivering the majority of our planned programme next year. Regular and timely payments from our partners are crucial to sustaining our investment programme in Egypt.”

Hytham Rizk, Middle East operations manager, Inspection at DNV. (Image source: DNV)

Industry

Hythem Rizk, Middle East operations manager, Inspection at DNV shares lessons from Saudi Arabia in delivering local content and local value

A key pillar of the nation’s Vision 2030 blueprint, the “In-Kingdom Total Value Add” (IKTVA) program aims to increase the percentage of local spending on goods and services and domestic capabilities, as well as local talent.

Longer term the ambition is to diversify Saudi Arabia’s economy beyond oil, giving greater attention to local businesses and jobs for Saudi nationals. Paradoxically it is procurement power, wielded through the likes of state-owned oil giant Aramco, that means the country is able to drive these initiatives.

Even now, just halfway through the decade, the program has delivered significant changes. Success is no longer measured by the number of projects delivered, but in the long-term value created for people and communities. These successes will chart Saudi Arabia’s course for decades to come.

Just two years ago, DNV’s Inspection business unit began its journey in Saudi Arabia with a clear mission to support the Kingdom’s ambitious development under Vision 2030. What started as a focused partnership with Aramco in the oil and gas sector has since evolved into a dynamic, multi-sector presence that reflects both Saudi Arabia’s transformation and DNV’s commitment to sustainable growth and technological excellence.

The company’s first major milestone came with one of Aramco’s largest inspection contracts, providing support for all of its CAPEX projects across the Kingdom. This achievement set a precedent for long-term collaboration on critical national infrastructure programs that underpin Saudi Arabia’s energy and industrial future. But of course, this work was guided by the IKTVA program.

Changing the game

For those businesses that are established in the Kingdom and have been for years, the IKTVA program has changed the game. For DNV, it meant making localisation and skills development central to our business strategy, ensuring that our growth in the region directly supports the national workforce and knowledge economy.

At the heart of this is a commitment to support education and professional development, including partnering with local institutes to sponsor Saudi students in technical diploma programs, equipping them with the skills needed for future careers in inspection and quality control.

But Saudi Arabia is interested in outputs, not pledges. As such, it was a major milestone this year when DNV celebrated the graduation of its first cohort of young Saudi women, who completed a two-year diploma in quality control and building inspection. The program combined academic study with hands-on practical training, mentorship and on-the-job experience guided by DNV professionals. Many of these graduates are now preparing to join the workforce, contributing to Saudi Arabia’s growing industrial and engineering sectors. It is these young professionals that represent the future of Saudi talent and innovation.

Leading through Saudisation

But any localisation journey in the Kingdom must extend well beyond training. DNV’s Saudisation rate now exceeds 50%, the result of a sustained effort to prioritise local employment in both technical and leadership positions.

We have already appointed Saudi professionals to key roles, a prerequisite for long-term success in Saudi Arabia. It is more than just a box ticking exercise to ensure compliance with IKTVA expectations, it also genuinely embeds the business in the communities and sectors we serve.

By investing in locals and local supply chains, partnering with national organisations, and embedding ourselves in regional industry ecosystems, we can do our bit to create value that extends beyond business outcomes.

The agreement with strengthen Saudi Arabia's base oils sector. (Image source: Adobe Stock)

Petrochemicals

Bahri Chemicals, a subsidiary of logistics and transportation company Bahri, has signed a Contract of Affreightment (COA) with Luberef to strengthen Saudi Arabia’s base oil and petrochemicals sectors

Under the agreement, Bahri Chemicals will transport base oil produced in the kingdom from local ports to destinations across the Arabian Gulf and the west coast of India.

The strategic partnership will unlock synergies between the two companies, reflecting their shared commitment to advancing Saudi Arabia’s base oils sector, while also serving as an example of collaboration under the Saudi Inc. initiative, which strengthens partnerships and growth among Saudi companies.

Faisal Al Husseini, president of Bahri Chemicals, said, “This agreement with Luberef builds on our long-standing collaboration and reflects Bahri Chemicals’ commitment to delivering reliable, flexible, and customer-first maritime transportation solutions. Together with Luberef, we aim to create long-term value for our customers and contribute to the Kingdom’s economy.”

Eng. Samer A. Al-Hokail, President & CEO of Luberef, added, “This agreement represents another important step in our partnership with Bahri Chemicals toward enhancing the efficiency and resilience of our operations across international markets. We look forward to further strengthening our cooperation to deliver sustainable value to customers and to advance the Kingdom’s standing in the base oil sector.”

Luberef is one of the world’s leading suppliers of high-quality base oils, serving markets in Saudi Arabia and India, in addition to various markets across the Middle East and North Africa.

Bahri Chemicals is one of the largest owners and operators of chemical tankers in the Middle East, currently operating a fleet of 50 vessels, through which it provides maritime transportation services to a global customer base in the chemicals, clean petroleum products, and vegetable oils sectors.

The Kingdom 4 award marks the 45th order for the LeTourneau Super 116 series.

Technology

A prominent shipyard in the MENA region, International Maritime Industries has booked Seatrium Offshore Technology's services by a repeat contract 

This binds Seatrium to supply IMI with equipment and license for a LeTourneau Super 116E Class Self-Elevating Drilling Unit (SE-MODU), Kingdom 4.

The Kingdom 4 project comes after the Kingdom 3 contract that was delivered earlier this year, both approached in line with the Kingdom’s Vision 2030 objectives of technology leadership, sustainability and local content development.

The project design will follow the Kingdom 3 style -- the LeTourneau Super 116E Class next-generation jack-up that is tailored for operational requirements in the MENA region. The rigs are equipped with 343-foot legs 1.5-million-pound hook load capacity, and advanced cyber systems for challenging offshore situations. 

The rig yards have scope for vessel-building, and Seatrium offers rig kits to meet local content requirements. The company's legacy in jack-up rig designing and construction can be traced back to 1955, when it established the world’s first independent leg jack-up drilling rig.

The Kingdom 4 award marks the 45th order for the LeTourneau Super 116 series, reaffirming its position as one of the most trusted and widely deployed jack-up designs globally. Seatrium has designed and contributed to the construction of more than half of all jack-up rigs in service worldwide, including 65% of those operating in the Middle East.

The webinar will transform confined space inspections. (Image source: Flyability)

Webinar

Despite advances in digital technology, many oil and gas sites across the Middle East still rely on manual entry for tank and vessel inspections, resulting in days of downtime, high scaffolding costs and risk to human life

What if you could change all that with drone technology?

Inspections drones such as the Elios 3 are revolutionising the world of confined space inspections, improving safety, reducing downtime and enhancing operational efficiency.

Join us for an exclusive live webinar hosted by Flyability in association with Oil Review Middle East on ‘Transforming oil and gas operations with the Elios 3 drone’ on Tuesday 2 September at 2pm GST. Industrial experts will explain how drones such as the Elios 3 are transforming confined space inspections, and how you can integrate this technology into your operations seamlessly.

Key highlights:

Drone integration: learn how to safety and effectively implement drones in confined space
Safety and training: understand essential safety protocols and training strategies for your team
ROI: discover how to measure and achieve a strong return on investment with drone technology
Real world use cases: hear from the engineers using drone tech in the field on the impact Elios 3 is having on in oil and gas inspections.

Speakers and host:

Fabio Fata – senior sales manager, Flyability (moderator)
Eralp Koltuk – inspection lead engineer, Tüpraş
Danijel Jovanovic – director of operations, ZainTECH

Take your operations to the next level! Don’t miss out on gaining valuable insights into how drones can make inspections safer, faster and smarter .

From making inspections in hazardous confined spaces much safer to streamlining the whole process and providing valuable real-time data, you will get to see exactly how the Elios 3 is changing the game.

Register for the free webinar here.

Methane emissions reporting is improving, but more action is needed to reduce emissions. (Image source: Adobe Stock)

Energy Transition

Government and industry responses to UN Environment Programme (UNEP) satellite methane alerts rose from 1% to 12% cent in the past year, and oil and gas methane emissions reporting has improved, but action needs to accelerate to achieve the Global Methane Pledge goal of curbing methane emissions 30% by 2030, according to a new UNEP report

Atmospheric methane continues to be the second biggest driver of climate change after carbon dioxide, responsible for about one-third of the planet’s warming, and real-world data is a critical tool to track and reduce methane emissions.

The fifth edition of the UN Environment Programme’s (UNEP) International Methane Emissions Observatory (IMEO) publication, An Eye on Methane: From measurement to momentum, finds that member oil and gas companies of IMEO’s Oil and Gas Methane Partnership 2.0 (OGMP 2.0) are set to track one-third of emissions from global production using real-world measurements. The OGMP 2.0 is the world’s global standard for methane emissions measurement and mitigation in the oil and gas sector. Over the past five years, OGMP 2.0 membership has more than doubled to 153 companies in the countries, covering 42% of global oil and gas production.

One-third of global oil and gas production reports, or will soon report, emissions at OGMP 2.0’s Gold Standard – meaning emissions are tracked with real-world measurements. This positions a large amount of the global industry to effectively measure – and thus mitigate – emissions. One of the companies achieving 'Gold Standard reporting' in 2024 for having effectively achieved the highest levels of data quality is Eni. OGMP 2.0’s 2025 report recognized Eni for its continued progress, including identifying and quantifying emissions across non-operated assets, as well as training and technical assistance on the LDAR (Leak Detection and Repair) approach to fugitive emissions. LDAR training sessions were organised with the support of UNEP and delivered to National Oil Company (NOC) personnel.

The report highlights that while government and company responses to alerts from IMEO’s Methane Alert and Response System (MARS) have grown tenfold over the previous year, nearly 90% remain unanswered, necessitating an increase in response rates. Through MARS, UNEP has sent over 3,500 alerts about major emissions events across 33 countries. These alerts are based on satellite monitoring and artificial intelligence-supported analysis. IMEO has documented 25 cases of mitigation action in ten countries since MARS was launched in 2022, including across six new countries during the past year.

“Reducing methane emissions can quickly bend the curve on global warming, buying more time for long-term decarbonisation efforts, so it is encouraging that data-driven tools are helping the oil and gas industry to report on their emissions and set ambitious mitigation targets,” said Inger Andersen, executive director of UNEP. “But to keep the Paris Agreement targets within reach, the important progress on reporting must translate into cuts to emissions. Every company should join the Oil and Gas Methane Partnership 2.0, and both governments and operators must respond to satellite alerts – then they must act to reduce emissions.”