TransGlobe Produces 13,851 b/d of Crude

TransGlobe Produces 13,851 b/d of Crude

TransGlobe Energy Corporation announced production rates of 13,851 barrels per day (b/d) of oil from its Egyptian fields during the second quarter of 2017, Egypt Oil & Gas reports.

The company sold around 302,648 barrels of crude oil to the Egyptian General Petroleum Corporation (EGPC) during the second quarter for $12.5 million.

TransGlobe drilled two exploration wells and three development wells in Egypt during the same period. The drilling produced two oil wells, K-47 and NWG 38A, and three dry holes.

It also finished drilling and casing the Boraq 5 well, located in the South Alamein Egyptian concession.

Based in Canada, TransGlobe Energy Corporation is a publicly-traded oil exploration and production company whose activities are concentrated in Egypt and Canada.

Sarah Samir 3376 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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