Vegas celebrates Al-Amir-2

The Greek company Vegas Oil & Gas emphasized achieving a new discovery in the Eastern Desert in West Gemsa, Al Amir-2 well, after a test on the bottom layers and perforated 20 feet and gave preliminary results with 64/64 inches.

An official source in the Egyptian General Petroleum Corporation (EGPC) declared that the discovery production is about 6000 barrels of crude oil per day (bpod) and nearly 6 million cubic feet of natural gas, satisfying a quality of 41 of the light oil.
Moreover, the EGPC issued instructions to immediately put the new well discovered at the production plan and to study the possibility of drilling new wells to determine the size of the reservoir.

“The discovery is the second in the same region after the first well Al Amir-1 which was tested in the same layer, but in the upper part of it,” the source added.

The Greek company holds shares in the West Gemsa concession as well as the concession of Alam El Shawish, the Joint Venture Company, (PetroAlam) in partnership with EGPC.

The partners of North West Gemsa Concession, which lies about 300 kilometers southeast of Cairo, include operator Vegas, Premier Oil and Circle Oil.


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