{"id":9436,"date":"2020-11-19T08:57:34","date_gmt":"2020-11-19T08:57:34","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=9436"},"modified":"2020-11-19T08:57:34","modified_gmt":"2020-11-19T08:57:34","slug":"egypt-transglobe-provides-operational-update-eastern-western-desert","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-transglobe-provides-operational-update-eastern-western-desert\/","title":{"rendered":"EGYPT: TransGlobe Provides Operational Update Eastern & Western Desert"},"content":{"rendered":"

EASTERN DESERT<\/strong><\/p>\n

West\u00a0<\/strong>Gharib<\/strong>\u00a0, West Bakr, and North West\u00a0<\/strong>Gharib<\/strong>\u00a0(100% working interest, operated)<\/strong><\/p>\n

Operations and Exploration<\/strong><\/p>\n

In Egypt, the Company contracted a workover rig to perform well interventions at West Bakr beginning in September 2020, and continuing into the fourth quarter.<\/p>\n

Production<\/strong><\/p>\n

Production averaged 9,635 bbls\/d during the quarter, a decrease of 18% (2,122 bbls\/d) from the previous quarter. The decrease was primarily due to deferred well interventions in Egypt during low oil prices and natural declines. With the well interventions that began in September 2020, it is expected that production will be in-line with full year 2020 guidance, including South Ghazalat, of 11,200 to 11,600 bbls\/d.<\/p>\n

Production in October 2020 averaged ~10,161 bbls\/d.<\/p>\n

Sales<\/strong><\/p>\n

The Company sold 253.1 Mbbls of inventoried entitlement crude oil to EGPC during the quarter.<\/p>\n

WESTERN DESERT<\/strong><\/p>\n

South\u00a0<\/strong>Ghazalat<\/strong>\u00a0(100% working interest, operated)<\/strong><\/p>\n

Operations and Exploration<\/strong><\/p>\n

The SGZ-6x well continues to produce from the Upper Bahariya reservoir at a field estimated rate of ~140 bbls\/d light and medium crude to evaluate the zone, restricted to the optimal operation of the early production facility.<\/p>\n

Production<\/strong><\/p>\n

Production averaged 177 bbls\/d during the quarter, a decrease of 24% (56 bbls\/d) from the previous quarter.<\/p>\n

Production in October 2020 averaged ~142 bbls\/d.<\/p>\n

Sales<\/strong><\/p>\n

The Company sold all of its entitlement crude oil production of 6.1 Mbbls in the quarter to EGPC.<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

EASTERN DESERT West\u00a0Gharib\u00a0, West Bakr, and North West\u00a0Gharib\u00a0(100% working interest, operated) Operations and Exploration In Egypt, the Company contracted a workover rig to perform well interventions at West Bakr beginning … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":9437,"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":true,"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":[8670,7708,7707,8669,7626],"class_list":["post-9436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","tag-north-west-gharib","tag-sgz-6x-well","tag-south-ghazalat","tag-west-bakr","tag-west-gharib","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/11\/TransGlobe-E-Desert.jpg?fit=1000%2C1294&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2sc","jetpack-related-posts":[{"id":10311,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-transglobe-energy-provides-q1-2021-financial-operating-results\/","url_meta":{"origin":9436,"position":0},"title":"EGYPT: TransGlobe Energy Provides Q1 2021 Financial & Operating Results","author":"","date":"May 10, 2021","format":false,"excerpt":"In Egypt, the Company sold 171.9 thousand barrels of entitlement crude oil to EGPC during the quarter, and had 455.7 Mbbls of entitlement crude oil inventory at March 31, 2021. The increase in inventoried crude oil is attributed to a decrease in sales volumes, offset by a slight decrease in\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10685,"url":"https:\/\/www.oilnewskenya.com\/index.php\/transglobe-energy-provides-operational-update-on-egypt\/","url_meta":{"origin":9436,"position":1},"title":"TransGlobe Energy Provides Operational Update on Egypt","author":"","date":"August 6, 2021","format":false,"excerpt":"EASTERN DESERT West Gharib, West Bakr, and North West Gharib (100% working interest, operated) Operations and Exploration Following mobilization of the rig from the Western Desert, the Company drilled a development oil well in the Eastern Desert at West Bakr. The HW-8 development well was drilled to a total depth\u2026","rel":"","context":"In "Countries"","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\/2021\/08\/Egypt-Eastern-Desert.jpg?fit=470%2C616&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10936,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-oil-production-decline-offset-by-well-optimization-activities-new-drilling-transglobe\/","url_meta":{"origin":9436,"position":2},"title":"EGYPT: Oil Production Decline Offset by Well Optimization Activities & New Drilling – TransGlobe","author":"","date":"September 29, 2021","format":false,"excerpt":"Eastern Desert (100% WI) The Company continues to utilize the EDC-64 rig drilling development oil wells. In West Bakr, during the quarter, the Company successfully drilled two development oil wells and is moving on to a third well, K-66, at quarter end. The K-62 development well was drilled to a\u2026","rel":"","context":"In "Countries"","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\/2021\/08\/Egypt-Eastern-Desert.jpg?fit=470%2C616&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11981,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-transglobe-energy-reserves-155-higher-in-2021\/","url_meta":{"origin":9436,"position":3},"title":"EGYPT: TransGlobe Energy Reserves 155% higher in 2021","author":"","date":"March 7, 2022","format":false,"excerpt":"Egyptian net present value of future net revenues (2P reserves discounted at 10%, forecast pricing, after tax) increased to $289 MM, 155% higher compared to 2020, principally due to the increased net entitlement share resulting from the Merged Concession Agreement as well as an increased Brent oil price forecast from\u2026","rel":"","context":"In "Countries"","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\/2021\/08\/Egypt-Eastern-Desert.jpg?fit=470%2C616&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11658,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-transglobe-energy-corporation-announces-eastern-desert-contract-execution\/","url_meta":{"origin":9436,"position":4},"title":"EGYPT: Transglobe Energy Corporation Announces Eastern Desert Contract Execution","author":"","date":"January 20, 2022","format":false,"excerpt":"TransGlobe Energy Corporation has announced the execution of the new concession agreement consolidating and amending its three existing Eastern Desert concession agreements (West Gharib, West Bakr and North West Gharib). PRODUCTION SHARING CONTRACT FINALIZATION TransGlobe has signed the Agreement which was ratified into law in December 2021 by the Egyptian\u2026","rel":"","context":"In "Countries"","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\/2021\/08\/Egypt-Eastern-Desert.jpg?fit=470%2C616&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11455,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-transglobe-announces-ratification-of-the-consolidated-and-amended-eastern-desert-psc\/","url_meta":{"origin":9436,"position":5},"title":"EGYPT: TransGlobe Announces Ratification of the Consolidated and Amended Eastern Desert PSC","author":"","date":"December 22, 2021","format":false,"excerpt":"TransGlobe has said it received notification that its agreement with the Egyptian General Petroleum Corporation (EGPC) to merge, amend and extend its three existing Eastern Desert concessions (West Gharib, West Bakr and North West Gharib) has been ratified into Egyptian Law. The newly ratified Agreement extends the concession life with\u2026","rel":"","context":"In "Countries"","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\/2021\/08\/Egypt-Eastern-Desert.jpg?fit=470%2C616&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9436","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=9436"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9436\/revisions"}],"predecessor-version":[{"id":9438,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9436\/revisions\/9438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/9437"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=9436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=9436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=9436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}