Project Profile
Location: 350km southeast of Cairo, adjacent to West Gharib, Egypt
Production: 5,970 bpd (February 2017)
Area: 45.2 sq km
Start-up year: October 2016
On December 29, 2011, TransGlobe acquired a 100% working interest in the West Bakr Concession agreement in Egypt from The Egyptian Petroleum Development Co. Ltd (Inpex was the previous holder of the concession). The West Bakr Concession is 45.2 square kilometres (11,600 acres) in two development leases, is located approximately 350km southeast of Cairo, Egypt, near the west bank of the Gulf of Suez, immediately adjacent to TransGlobe’s existing West Gharib development leases.
The oil produced ranges from 17° to 20° API and is pipeline connected to the Ras Gharib terminal on the coast, which is the same export terminal that West Gharib production is currently trucked to. There are three oil fields on the lands with cumulative production of approximately 50 MMBbl. TransGlobe has identified a number of optimization/development projects and drilling opportunities that could increase production and recoverable reserves.
Operators:
TransGlobe: Operator with 100% interest