A successful international oil and gas explorer focused in Egypt and Yemen
TransGlobe Energy Corporation
Yemen West
In West Yemen, TransGlobe holds a 25% working interest in each of 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. 340 square kilometers of 3-D seismic was acquired and processed by 2009 year-end.
- BLOCK S-1
- Block S-1
-
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
-
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
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)