Project Profile
Location: onshore Sinai peninsula, Egypt
Area: 2,989 km2
Start-up Year: -
Vegas Oil & Gas signed the East Lagia Concession agreement. The block was offered in the 2011 EGPC bid round and the bid of Vegas was accepted in November, 2012. The East Lagia concession is located onshore in the Sinai peninsula in Egypt and covers an area of 2,989 km2. The East Lagia Concession Agreement provides for an exploration period of total seven years in three phases. During these seven years Vegas will invest at least US$11 million in seismic & other surveys and drilling of exploratory wells.
Operators:
Vegas Oil & Gas: Operator with 100% interest