A successful international oil and gas explorer focused in Egypt and Yemen
TransGlobe Energy Corporation
Yemen West
In West Yemen, TransGlobe holds a 25-percent working interest in Blocks S-1 and 75. These blocks are operated by Occidental Petroleum, a major U.S. oil and gas exploration company. Both blocks are located in the Marib basin, adjacent to the 1.0+ billion barrels of oil discovered by Hunt Oil. Block S-1, strategically located near production facilities, has been producing light, sweet crude since 2003 from the An Nagyah discovery. The Block 75 exploration concession was ratified by the Yemeni parliament in 2008. A 340 square kilometre 3D seismic acquisition program is planned for 2009, with exploration drilling expected in 2010.
- 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
340 km2 3-D seismic acquisition planned for 2009
Commitment for 2 exploration wells on this block
Exploration drilling to commence in 2010
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)