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Tag: Eastern Desert

Ukrainian Naftogaz considers selling Egyptian assets

Posted: March 2, 2017 at 3:02 pm   /   Oil & Gas

National joint-stock company Naftogaz Ukrainy intends to attract an investment and banking advisor who will assess how much the company can receive from sale of its assets in Egypt, Naftogaz Commercial Director Yuriy Vitrenko has said. “He will assess real offers and how much [buyers] are ready to give for this project. We will compare […]

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TransGlobe Energy announces Egypt operations update, says NWG 38 – Red Bed discovery now on production

Posted: February 22, 2017 at 1:29 pm   /   Oil & Gas

TransGlobe Energy Corporation announces an operational update. All dollar values are expressed in US dollars unless otherwise stated. ARAB REPUBLIC OF EGYPT – EASTERN DESERT North West Gharib, Arab Republic of Egypt (100% working interest, operated) The Company is pleased to provide an update on the NWG exploration and development activities. NWG 38 – Red […]

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TransGlobe announces 2017 Capital Budget and Production Outlook

Posted: February 6, 2017 at 3:53 pm   /   Oil & Gas

HIGHLIGHTS • 2017 capital budget of $56.4 million ($35.2 million firm and $21.2 contingent). • Egypt $25.8 million firm and $14.4 million contingent. • 2017 production of 15.5 to 18.5 MBoepd representing an increase of 30% to 55% over 2016. • Egypt 13.0 to 15.5 MBopd in 2017. • Canada 2.5 to 3.0 MBoepd in […]

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TransGlobe Energy Corporation announces Operational Update

Posted: February 1, 2017 at 8:25 pm   /   Oil & Gas

Highlights: • Company production for January 2017 averaged ~16,817 Boepd (~14,013 Bopd Egypt). • December 2016 average rate ~14,140 Boepd (13,074 Bopd Egypt). • Q4-2016 production averaged 12,882 Boepd (12,790 Bopd Egypt). • First oil production from North West Gharib (“NWG”) concession late December 2016. • NWG 3 on production ~1,000 Bopd flowing. • Drilled […]

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Paul Welch

SDX CEO: Egypt's Oil & Gas Sector set to grow in next 5 years

Posted: August 25, 2016 at 4:25 pm   /   Oil & Gas

The Egyptian oil and gas sector is set to grow over the next five years, exploration and production company SDX Energy Inc.’s president and CEO Paul Welch said. “It will grow. Businesses will grow, employment will grow,” Welch told Rigzone. Supporting his prediction, Welch stated that ENI S.p.A’s giant Zohr discovery in Egypt still needs […]

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Results of Ganope Bid Round announced, awards five concessions worth $100 million

Posted: August 3, 2015 at 9:37 pm   /   Oil & Gas

Egypt has awarded five oil and gas concessions that are expected to bring in minimum total investments of about $100 million with bonuses of $3.7 million to drill 16 exploration wells for oil and gas, having received seven offers for 5 blocks, the oil ministry said in a statement on Monday, as the country seeks […]

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