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Tag: Eastern Desert
Transglobe

TransGlobe announces amendment of Egypt’s Eastern Desert Production Sharing Contracts

Posted: December 22, 2021 at 12:57 pm   /   Oil & Gas

TransGlobe Energy announces ratification of the consolidated and amended Eastern Desert Production Sharing Contracts. TransGlobe Energy has announced the ratification of the consolidated and amended Eastern Desert Production Sharing Contracts. Production Sharing Contract Ratification TransGlobe has received notification that its agreement with the Egyptian General Petroleum Corporation (‘EGPC’) to merge, amend and extend its three existing Eastern Desert concessions […]

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SDX

SDX Energy spuds MSD-21 development well at West Gharib concession, Egypt

Posted: October 18, 2021 at 11:46 pm   /   Oil & Gas

AIM-listed SDX Energy, the MENA-focused energy company, has announced the spudding of the MSD-21 infill development well on the Meseda field. The well is the first, in a fully funded, 12 well development campaign on the Meseda and Rabul oil fields in the West Gharib concession, Egyptian Eastern Desert. The development drilling campaign is aimed at growing production […]

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TransGlobe-Merged-Concession

TransGlobe agrees with EGPC to merge, extend & modernize its Eastern Desert Concessions

Posted: December 7, 2020 at 1:10 pm   /   Oil & Gas

TransGlobe Energy Corporation announced it has reached an agreement with the Egyptian General Petroleum Corporation (“EGPC”) to merge the Company’s three existing Eastern Desert concessions (the West Gharib, West Bakr and North West Gharib concessions) into a new modernized concession agreement (the “Merged Concession” or “Agreement”). The Agreement is subject to the usual Egyptian Parliamentary […]

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Cabinet-meeting-4-Nov-2020

Egypt’s Cabinet approves three E&P Agreements with Eni, BP, Enpedco

Posted: November 5, 2020 at 12:28 pm   /   Oil & Gas

Three bills that authorize the Oil Ministry to sign oil exploration contracts earned cabinet signoff. IEOC, Eni’s joint venture with the EGPC, and Russian firm Lukoil will explore and develop the Meleiha concession in the Western Desert, while a second contract between the EGPC and BP for the South Ghareb Offshore concession in the Gulf […]

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Egypt-NW-Gemsa-SDX

SDX sells its 50% share in North West Gemsa License to Gulf Energy for $3m

Posted: July 15, 2020 at 11:46 am   /   Oil & Gas

SDX Energy announces sale of non-core Egyptian asset AIM-listed SDX Energy, the MENA-focused oil and gas company, has disposed of its 50% working interest in the North West Gemsa licence, situated in the Eastern Desert of Egypt. The purchaser, Gulf Energy, a private Egyptian oil and gas company, has paid US$3.0 million in consideration for […]

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transglobe map

TransGlobe Energy announces its 2020 capital budget, 2019 year-end reserves

Posted: February 5, 2020 at 1:57 pm   /   Oil & Gas

TransGlobe Energy has announced its 2020 capital budget, 2020 production guidance, and 2019 year-end reserves. All dollar values are expressed in US dollars unless otherwise stated. 2020 BUDGET HIGHLIGHTS TransGlobe has set its 2020 capital budget at $37.1 MM (before capitalized G&A); Egypt $23.7 MM Canada $13.4 MM 2020 average production guidance is set at 14.5 […]

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EGPC

EGPC to launch new oil and gas exploration bid round by end of year

Posted: August 22, 2019 at 11:53 am   /   Oil & Gas

The Egyptian General Petroleum Corporation (EGPC) aims to launch an oil and gas exploration tender by the end of this year, to increase the exploration operations in the different concession areas, and boost rates of production, A source in the petroleum sector told Daily News Egypt that EGPC is currently planning the areas to be […]

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TransGlobe Western Desert

TransGlobe starts drilling new well at South Ghazalat concession

Posted: October 25, 2018 at 11:26 am   /   Oil & Gas

TransGlobe Energy announced yesterday that it began drilling for oil at its SGZ 6X exploration well in the South Ghazalat concession in the Western Desert. The company also said that it successfully began production from two wells in West Bakr in the Eastern Desert, with output from each well currently averaging around 800 bpd, exceeding […]

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NW Sitra

TransGlobe’s NW Sitra exploration well in Western Desert disappoints

Posted: September 26, 2018 at 1:50 pm   /   Oil & Gas

TransGlobe Energy has announced an update on its operations in Egypt. Updates Corporate production during the quarter averaged 14.8 MBoepd in July, 13.5 MBoepd in August and 14.4 MBoepd to date in September. Received proceeds of $59 million during the third quarter for cargos lifted in June and July. Drilled and preparing to abandon NW […]

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EGPC-BR-2018

EGPC launches 2018 oil & gas exploration bid round for 11 blocks

Posted: May 22, 2018 at 5:08 pm   /   Oil & Gas

The Egyptian General Petroleum Corporation (EGPC) launched the 2018 bid round for oil & gas exploration on 11 blocks: Five in the Western Desert, two in the onshore Nile Delta region, one in the Eastern Desert, and three in the Gulf of Suez (both onshore & offshore). The Egyptian Ministry of Petroleum announced in an […]

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