TransGlobe Energy Company’s output from Egypt in 2021 averaged at 10,758 barrels of oil equivalent per day (boe/d) YTD, the company announced.
Production in Egypt averaged at 10,727 boe/d in Q2 2021, while it recorded an average of 11,214 boe/d during the period from September 1st to 18th.
TransGlobe is ongoing in using the EDC-64 drilling rigs for development oil wells in Egypt. “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 company said.
Moreover, the company drilled one well in the North West Gharib (NWG-3B-2), aiming to investigate the Red Bed potential in the northern area of the development leases. The drilling reached a total depth of 1,627 meters.
“We are pleased with the progress of the Egypt drilling program, reversing 2020 declines and now increasing production. The Company eagerly awaits the results from the new South Harmattan wells in Canada, and is also excited by the prospect that with the Egyptian parliament beginning its fall session in early October, ratification of our transformational PSC consolidation will occur shortly,” TransGlobe’s CEO Randy Neely commented.