A successful international oil and gas explorer focused in Egypt and Yemen
TransGlobe Energy Corporation
Republic of Yemen
TransGlobe's international activities have their roots in the Republic of Yemen ("Yemen") where the Company entered into Blocks 32 and S-1 in 1996/97. TransGlobe currently holds working interest ranging from 13.8% to 25% in four Production Sharing Agreements in the country. TransGlobe does not operate its properties in Yemen but works together with experienced partners such as Occidental Petroleum and DNO ASA.
- BLOCK S-1
- Block S-1
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25% W.I. in the 1,152 km2 (460 sq. mi.) development lease
Producing oil from An Nagyah field (Lam Formation) since 2003
Drilling/tie back of Osaylan oil field planned for 2009
An Nagyah development drilling planned for 2009
Significant natural gas upside in suspended
An Naeem field Very promising oil and gas exploration upside, exploration drilling deferred to 2010
- BLOCK 75
- Block 75
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25% W.I. in the 1,050 km2 (420 sq. mi.)
exploration block Exploration block immediately offsets 3 significant oil fields (Al Nasr, Dhahab, An Nagyah) with excess facility capacity
320 km2 3-D seismic acquisition planned for 2009
Commitment for 2 exploration wells on this block
Exploration drilling to commence in 2010
- BLOCK 32
- Block 32
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13.81% W.I. in the 591 km2 (236 sq. mi.) development lease
Producing oil from Tasour field (since 2000) and Godah field (since 2006)
Mature production block
Some infill-drilling potential remaining
- BLOCK 72
- Block 72
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20% W.I. in the 1,822 km2 (728 sq. mi.) exploration block
Exploration block immediately offsets producing Blocks 9 and 51
Defined exploration potential in Qishn and Basement reservoir targets
Completed two 3-D surveys in 2008
Plans to drill 1 - 2 exploration wells in late 2009 or 2010
Close to production infrastructure
Newsroom
July 29, 2010
TransGlobe Energy Corporation Announces New Credit Facility and Release Date of Second Quarter Results, Web Cast and Conference Call (more)
June 29, 2010
TransGlobe Energy Corporation Provides an Operations Update (more)
June 03, 2010
TransGlobe Energy Corporation Provides Mid-Quarter Update for Q2 2010 and Notice of CAPP Oil & Gas Investment Symposium Participation (more)