Asset Report

Alam El Shawish West

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The Alam El Shawish West Block is located in the Abu Gharadig Basin in the Western Desert. Vegas Oil and Gas was awarded the block in the second EGPC Bid Round of 2004 after offering an unprecedented US$41 million signature bonus. The acreage included two undeveloped discoveries - GPAA (now Al Karam) and Najm - made by GPC in the 1980s. The operator successfully appraised the Al Karam discovery and made five further discoveries: Al Assil, Al Barq, Bahga, Al Magd and C-86 that have all been brought onstream. The Assil and Karam project, to develop the gas and condensate reserves in those fields, was sanctioned in 2012 and includes up to six new wells and a new processing facility. First production from the new facility was achieved in November 2014.

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Production
    • Facilities
    • Assil & Karam project
    • Key development metrics
  • Infrastructure
    • Exploration costs
    • Capital costs
    • Operating costs
  • Sales contracts
    • Exploration and Appraisal
    • Commercial discovery
    • Cost/Profit Oil
    • Cost/Profit Gas
    • Bonuses
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Gas price
    • Global Economic Model (GEM) File
  • Economic analysis

Tables and charts

This report includes 27 images and tables including:

  • Key facts: Table 1
  • Index map
  • Alam El Shawish West detail map
  • Participation: Table 1
  • Geology: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Production: Table 1
  • Production: Table 2
  • Production profile
  • Infrastructure: Table 1
  • Sales contracts: Table 1
  • Cash flow
  • Economic analysis: Table 2
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
  • Remaining PV Price Sensitivities
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Costs: Table 4
  • Fiscal and regulatory: Table 1
  • Fiscal and regulatory: Table 2
  • Fiscal and regulatory: Table 3

What's included

This report contains:

  • Document

    Alam El Shawish West

    PDF 5.20 MB