A successful international oil and gas explorer focused in Egypt and Yemen
TransGlobe Energy Corporation
Yemen East
In East Yemen, TransGlobe holds working interests ranging from 13.8 percent to 33 percent in Blocks 32, 72 and 84. These Blocks are operated by DNO ASA with whom TransGlobe entertains an excellent working relationship. These blocks are located in the Masila Basin, adjacent to the 1.5+ billion barrels discovered by Nexen Inc. and Total SA. Block 32 has been on production since 2000, from discoveries at Tasour and Godah. Future drilling will be mainly focused on the two exploration Blocks (72 & 84): higher risk with potential high rewards.
Block S-1-578
- 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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33% 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
- BLOCK 84
- Block 84
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Waiting on final government ratification of PSA
33% W.I. in 731 km2 (292 sq. mi.)
exploration block Upon ratification, expecting to acquire 400 km2 of
3-D seismic Commitment for 4 exploration wells on this block
Exploration drilling to commence in 2010 (subject to ratification of PSA)
Newsroom
March 04, 2010
TransGlobe Energy Corporation Announces Release Date of Year-End and Fourth Quarter 2009 Results and Conference Call (more)
January 28, 2010
TransGlobe Energy Corporation Announces 2009 Year-End Reserves (more)
January 25, 2010
TransGlobe Energy Corporation Enters New Exploration Project in Western Desert of Egypt (more)