Project Profile

Location: West Gharib, Arab Republic of Egypt
Area: 655 square kilometre
Start-up year: December 2016

In September 2007 TransGlobe completed an acquisition and assumed operation of 8 development leases with 24 producing wells in West Gharib, Egypt. On August 18, 2008 TransGlobe acquired the remaining 25% financial interest in the non-Hana development leases, which increased the company’s working interest to 100% in the West Gharib PSC.

West Gharib consists of eight development leases: Arta, East Arta, Hana, Hana West, Hoshia, West Hoshia, Fadl, and South Rami. These fields produce from the Asl, Markha, Nukhul, Lower Nukhul (Redbed), Rudeis, Lower Rudeis and Thebes formations. The crude oil produced ranges in quality from 16-26 API averaging 20 API and generally contains approximately 3% sulfur. As a result of this higher sulfur content West Gharib (and West Bakr) crude is exported, as part of Ras Gharib blend, to be refined outside of Egypt (Europe and Asia).  

Since acquiring the concession in 2007 the company has increased production by over 400% through development drilling, implementation of and improvements to water flooding as well as exploration discoveries. The company\'s primary objective was obtaining the 655 square kilometre North West Gharib PSC which surrounds and immediately offsets the company\'s core West Gharib/West Bakr producing PSCs . The company has identified more than 79 drilling locations based on existing well and seismic data for the area.

The initial 3-year exploration phase ended in November 11th, 2016 and the first exploration phase has been extended 6 months to May 2017.

The NWG 3 well was brought online at the end of 2016, from the Red Bed formation, using an early production facility. Production is expected to rise to 1,500-2,000 bpd. The NWG 38 discovery, also connected to the early production facility, started producing in mid-January at around 750 bpd.

TransGlobe has been approved for another 28 well sites in the northern NWG area, which may be drilled in 2017-18.

Operators:

TransGlobe Energy Corporation: Operator with 100% interest