TransGlobe | Egypt Oil & Gas

VAALCO to Acquire All Outstanding Common Shares of TransGlobe

TransGlobe and VAALCO announced that they have entered into a definitive arrangement agreement pursuant to which VAALCO will acquire all of the outstanding common shares of TransGlobe in a stock-for-stock strategi ...

TransGlobe Sells 451 mmbbl Cargo of Egypt Entitlement Crude Oil for Proceeds of $46M

TransGlobe corporate production remains in line with 2022 annual guidance of 12.4-13.4 million barrels of oil equivalent per day (mboe/d). In Egypt, the company's output, before royalties and taxes, recorded from ...

TransGlobe Releases Operational Update for Q1 2022

According to the company's production Summary, TransGlobe's production from Egypt reached a year-to-date (YTD) average of 10,045 barrels of oil equivalent per day (boe/d). In Egypt production was impacted by poor ...

TransGlobe Finalizes Eastern Desert Agreement

The agreement merges the three producing concessions (West Gharib, West Bakr, and North West Gharib) which in December 2021 had an average production of 9,394 barrels of oil per day (bbl/d).

Egypt Signs Two E&P Agreements with $506 M in Investments

Minister of Petroleum and Mineral Resources, Tarek El Molla, signed two new agreements with TransGlobe and Pharos Energy to search for, develop and produce petroleum in several regions in the Eastern and Western D ...

Parliament Approves Three Exploration Agreements for Gulf of Suez, Western Desert, Eastern Desert

The Egyptian Parliament, chaired by, Ahmed Saad El-Din, First Undersecretary of the Parliament, approved a draft law submitted by the government licensing the Minister of Petroleum and Mineral Resources, Tarek El ...

TransGlobe Egypt’s Production Averaged 10,758 boe/d YTD

This came as the company published on September 29th an update of the production summary before taxes and royalties.

TransGlobe Production in Egypt Records 10,904 bbloe/d

TransGlobe’s Production has amounted to 10,904 barrels of oil equivalent per day (bbloe/d) from its Egypt concessions until June 21.

TransGlobe Production Amounts to 11,009 bbl/d in April

TransGlobe Egypt production averaged around 11,009 barrels of oil per day (bbl/d) in April and recorded 10,238 bbl/d throughout Q1 2021.

TransGlobe Reaches Agreement with EGPC to Merge Eastern Desert Concessions 

TransGlobe reached an agreement with the Egyptian General Petroleum Corporation (EGPC) to merge the company’s three existing Eastern Desert concessions into a new modernized concession agreement.

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