Asset report

East Ghazalat

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Report summary

The East Ghazalat concession is located in the Western Desert, around 300 kilometres west of Cairo. Vegas Oil & Gas and TransGlobe Energy discovered the Safwa oil field in 2010 and were awarded a development lease in 2011. The Safwa field came onstream in 2012, with oil trucked to facilities at South Dabaa. The field is operated by Petro Safwa, a joint venture between the participants and EGPC as is required under Egyptian law. The low oil price led to a reduced capital budget for 2015 and 2016. The focus for 2016 will be on lower cost workovers, facilities and processing equipment upgrades.

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    East Ghazalat

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    East Ghazalat

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    East Ghazalat

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Table of contents

Tables and charts

This report includes 24 images and tables including:

Images

  • Index Map
  • Detail Map
  • Production Profile
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2018
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
  • Remaining PV Price Sensitivities

Tables

  • Key facts: Table 1
  • 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
  • Costs: Table 1
  • Costs: Table 2
  • Cash flow
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Costs: Table 3
  • Fiscal and regulatory: Table 1
  • Fiscal and regulatory: Table 2

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