Minister of Petroleum and Mineral Resources Tarek El Molla has met with the CEO of TransGlobe Energy Corporation George Maxwell and Country Manger and Director of TransGlobe Energy Egypt, Craig Robertson to discuss the developments of the company’s drilling programs and production at its concessions areas in the Eastern Desert.

During the meeting, El Molla followed up on the company’s plan to drill four wells during the upcoming year in the frame of its intensive drilling program targeting to enhance its production which reached recently to about 11,500 barrels of oil equivalent per day (boe/d).

TransGlobe expressed its desire to expand its businesses in the Egyptian oil and gas sector in light of the new opportunities offered through the bid round, which was posted by the Egyptian General Petroleum Corporation on the Egypt Upstream Gateway (EUG) platform. 

Additionally, the minister stressed on the importance of the company’s steps taken to intensify its activities and pump new investments to continue its success in Egypt. He highlighted the importance of the TransGlobe’s drilling program, which will start next year to increase production. He added that using the latest technologies for drilling will maximize the expected returns and capabilities of achieving positive results in the coming period.