Asset Report

East Ghazalat

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22 March 2018

East Ghazalat

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.

Table of contents

Tables and charts

This report includes 24 images and tables including:

  • Key facts: Table 1
  • Index Map
  • 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
  • Costs: Table 1
  • Costs: Table 2
  • Cash flow
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2019
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2019)
  • Remaining PV Price Sensitivities
  • Costs: Table 3
  • Fiscal and regulatory: Table 1
  • Fiscal and regulatory: Table 2

What's included

This report contains:

  • Document

    East Ghazalat

    PDF 5.21 MB

  • Document

    East Ghazalat

    XLS 421.00 KB

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    East Ghazalat

    ZIP 5.15 MB