{"id":15321,"date":"2025-11-03T08:54:17","date_gmt":"2025-11-03T08:54:17","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=15321"},"modified":"2025-11-03T08:54:19","modified_gmt":"2025-11-03T08:54:19","slug":"egypt-tag-oil-awarded-petroleum-services-agreement-for-development-in-southeast-ras-qattara-concession","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-tag-oil-awarded-petroleum-services-agreement-for-development-in-southeast-ras-qattara-concession\/","title":{"rendered":"EGYPT: TAG Oil Awarded Petroleum Services Agreement for Development in Southeast Ras Qattara Concession"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">TAG Oil Ltd has announced that it has received approval to enter into a petroleum services agreement by the Egyptian National Petroleum for Exploration and Development Company (ENPEDCO) for the development of the unconventional Abu Roash \u201cF\u201d (ARF) reservoir within the Southeast Ras Qattara concession (the \u201cSERQ Concession\u201d) in Egypt\u2019s Western Desert.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This award follows a competitive bidding process initiated by Egypt\u2019s Ministry of Petroleum and Mineral Resources through the Egypt Upstream Gateway. The PSA will become effective upon execution of the definitive agreement and the posting of a US$100,000 performance letter of guarantee.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">About the SERQ Concession<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The SERQ Concession spans approximately 2,000 km\u00b2 (512,000 acres) and benefits from extensive existing subsurface data, including full 3D seismic coverage and several existing wellbores. The area has a record of conventional oil production from deeper formations that intersect the ARF reservoir. Conventional production will remain and continue to be developed by ENPEDCO.&nbsp; TAG Oil will have access to several shut-in wells within the concession offering low-cost re-entry opportunities to evaluate the ARF\u2019s unconventional potential.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">TAG Oil has completed detailed technical studies of the ARF reservoir, identifying it as a low-permeability carbonate formation with substantial development potential. The Company believes the reservoir holds a high likelihood of commercial success using proven horizontal drilling and hydraulic fracturing technologies, methods that have already demonstrated positive results in TAG Oil\u2019s Badr Oil Field (BED-1) concession in Egypt, as well as in comparable plays such as Canada\u2019s Montney formation and the Eagle Ford shale in the United States.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To further confirm its development strategy and quantify the ARF\u2019s resource potential at the SERQ Concession, TAG Oil has completed an independent evaluation of the reservoir. Results are expected to be released next month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Development Plan<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">TAG Oil\u2019s proposed development of the ARF will advance in two (2) phases:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Phase 1 \u2013 Firm Commitment Evaluation Period (Two (2) Years)<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Re-entry of one (1) or more existing vertical wells to perform Diagnostic Fracture Injection Testing (DFIT) of the ARF.<\/li>\n\n\n\n<li>Drilling a new vertical well or sidetracking an existing well (vertical or horizontal), followed by potential hydraulic fracture stimulation of the ARF.<\/li>\n\n\n\n<li>Phase 2 \u2013 Optional Development Period<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Upon the successful completion of Phase 1, and based on actual production results and cost analysis, TAG Oil will have the option to proceed with full-scale commercial development of the ARF reservoir under acceptable economic terms to be agreed by both parties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Commercial Terms<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under the PSA, ENPEDCO will pay TAG Oil a sliding-scale service fee based on production volumes, ranging from 55% to 48% of gross project revenue. This fee compensates TAG Oil for funding 100% of the capital and operating expenditures associated with the ARF development at the SERQ Concession. All royalties and taxes will be paid by the Egyptian General Petroleum Corporation on behalf of the Company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Abby Badwi, TAG\u2019s Executive Chairman and CEO, commented, \u201cWe are very pleased to have received this approval, which represents another significant step in expanding TAG Oil\u2019s footprint in Egypt. While the initial phase focuses on piloting the development concept, the reservoir characteristics and our proposed strategy are based on proven technologies that have consistently delivered successful outcomes in similar projects across North America.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TAG Oil Ltd has announced that it has received approval to enter into a petroleum services agreement by the Egyptian National Petroleum for Exploration and Development Company (ENPEDCO) for the &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/egypt-tag-oil-awarded-petroleum-services-agreement-for-development-in-southeast-ras-qattara-concession\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":15322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7446,11],"tags":[12188,9061,12189,12187,10912],"class_list":["post-15321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","tag-abu-roash-f","tag-egypt-upstream-gateway","tag-enpedco","tag-southeast-ras-qattara-concession","tag-tag-oil","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/11\/Egypt-Apex.jpg?fit=900%2C505&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3Z7","jetpack-related-posts":[{"id":9718,"url":"https:\/\/www.oilnewskenya.com\/index.php\/energy-apex-international-energy-discovers-oil-in-the-western-desert\/","url_meta":{"origin":15321,"position":0},"title":"ENERGY: Apex International Energy Discovers Oil in the Western Desert","author":"","date":"January 18, 2021","format":false,"excerpt":"Apex International Energy (Apex), which is backed in part by UK energy investment firm Blue Water Energy, today announced a new oil discovery in Southeast Meleiha Concession (SEM), located in the Western Desert of Egypt. The discovery was achieved at the SEMZ-11X well located 10 kilometers west of Zarif field,\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/EGYPT-SW-Meleiha-765.jpg?fit=765%2C743&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/EGYPT-SW-Meleiha-765.jpg?fit=765%2C743&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/EGYPT-SW-Meleiha-765.jpg?fit=765%2C743&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/EGYPT-SW-Meleiha-765.jpg?fit=765%2C743&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10167,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-united-oil-and-gas-makes-discovery-at-asd-1x-well-abu-sennan-concession\/","url_meta":{"origin":15321,"position":1},"title":"EGYPT: United Oil and Gas Makes Discovery at ASD-1X Well Abu Sennan Concession","author":"","date":"April 6, 2021","format":false,"excerpt":"Highlights: \u00b7\u00a0\u00a0\u00a0\u00a0Preliminary results suggest the ASD-1X exploration well encountered a total of at least 22m net oil pay interpreted across a number of reservoirs, including the Abu Roash C (AR-C), Abu Roash E (\"AR-E\"), Lower Bahariya and Kharita Formations \u00b7\u00a0\u00a0\u00a0\u00a0Well-testing is now planned, and if successful, will be followed by\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13128,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-apex-international-energy-acquires-interests-in-6-concessions-in-western-desert\/","url_meta":{"origin":15321,"position":2},"title":"EGYPT: Apex International Energy Acquires Interests in 6 Concessions in Western Desert","author":"","date":"January 11, 2023","format":false,"excerpt":"Apex International Energy (Apex) today announced that it had acquired interests in four concessions in the Western Desert oil producing region of Egypt from IEOC Production B.V. (IEOC), a unit of Eni S.p.A. Two additional concessions will be acquired by Apex after parliamentary approval of extensions, which is expected in\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Egypt-Western-Desert-APex.jpg?fit=642%2C326&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Egypt-Western-Desert-APex.jpg?fit=642%2C326&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/01\/Egypt-Western-Desert-APex.jpg?fit=642%2C326&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":14394,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-apex-international-energy-issues-upbeat-operations-commercial-update\/","url_meta":{"origin":15321,"position":3},"title":"EGYPT: Apex International Energy Issues Upbeat Operations &amp; Commercial Update","author":"","date":"July 9, 2024","format":false,"excerpt":"Operations Overview To date in 2024, Apex has drilled 10 wells. Six of the 10 drilled wells are currently producing, one has been completed as a water supply well for a water injection project, two are discoveries waiting on completions and one was a dry hole. The drilling campaign utilizing\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Egypt-Apex.jpg?fit=900%2C505&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Egypt-Apex.jpg?fit=900%2C505&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Egypt-Apex.jpg?fit=900%2C505&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/Egypt-Apex.jpg?fit=900%2C505&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":9742,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-mubadala-petroleum-signs-concession-agreement-for-red-sea-block-4\/","url_meta":{"origin":15321,"position":4},"title":"EGYPT: Mubadala Petroleum signs Concession Agreement for Red Sea Block 4","author":"","date":"January 23, 2021","format":false,"excerpt":"Eng. Tariq Al-Mulla, Egyptian Minister of Petroleum and Mineral Resources, has signed the concession agreement with Mubadala Petroleum for oil and gas exploration activities in the Red Sea Block 4 (Block 4), with an area estimated at 3084 km2, owned by the South Valley Egyptian Petroleum Holding Company (Ganope). The\u2026","rel":"","context":"In &quot;North Africa&quot;","block_context":{"text":"North Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/north-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/egypt-SHOROUK-scaled.jpg?fit=1200%2C848&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/egypt-SHOROUK-scaled.jpg?fit=1200%2C848&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/egypt-SHOROUK-scaled.jpg?fit=1200%2C848&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/egypt-SHOROUK-scaled.jpg?fit=1200%2C848&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/egypt-SHOROUK-scaled.jpg?fit=1200%2C848&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":15839,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-tag-oil-provides-update-on-drilling-operations-at-bed-1-concession\/","url_meta":{"origin":15321,"position":5},"title":"EGYPT: TAG Oil Provides Update on Drilling Operations at BED-1 Concession","author":"Samuel Kamau Mbote","date":"June 17, 2026","format":false,"excerpt":"TAG Oil has providean update on drilling operations at the Badr Oil Field in the Western Desert of Egypt. For the upcoming T-200 vertical well, the NDC-9 drilling rig is expected to be mobilized to the BED-1 location this month. Surface site preparation is underway, and other regulatory requirements have\u2026","rel":"","context":"In \"Egypt\"","block_context":{"text":"Egypt","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/egypt\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/06\/Egypt-Bed-1.jpg?fit=700%2C517&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/06\/Egypt-Bed-1.jpg?fit=700%2C517&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/06\/Egypt-Bed-1.jpg?fit=700%2C517&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/06\/Egypt-Bed-1.jpg?fit=700%2C517&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=15321"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15321\/revisions"}],"predecessor-version":[{"id":15323,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15321\/revisions\/15323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/15322"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=15321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=15321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=15321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}