Gulf Oil and Gas accountACCOUNT

East Lagia Concession Agreement Signed

Source: www.gulfoilandgas.com 11/7/2013, Location: Africa

His Excellency the Minister of Petroleum and Vegas Oil & Gas signed the East Lagia Concession Agreement at an official signing ceremony held on 7th November, 2013. 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 and covers an area of 2,989 km2. Vegas will be the operator with a 100% working interest and this addition brings the total number of its concessions to six, five of which are operated.

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 11 million USD in seismic & other surveys and drilling of exploratory wells.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Acquisitions and Divestitures News in Egypt >>

Norway >>  12/10/2019 - Var Energi celebrates one year as a company and strengthens NCS position as the acquisition of ExxonMobil’s upstream business in Norway is completed. ...
United States >>  12/10/2019 - Talos Energy Inc. (Talos) (TALO) announced that the Company has entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gu...

Brazil >>  12/9/2019 - Petroleo Brasileiro S.A.- Petrobras, following up on the release disclosed on 04/25/2019, reports that it has completed the sale of its entire stake i...
Colombia >>  12/9/2019 - Canacol Energy Ltd. (Canacol) (CNEC) is pleased to announce it has successfully secured a 100% operated working interest in three new conventional gas...

United States >>  12/6/2019 - Equinor and Repsol have completed their previously announced transaction, whereby Equinor has sold its 63% interest in, and operatorship of, its onsho...
Australia >>  12/5/2019 - Buru Energy Limited has reached agreement with Roc Oil (Canning) Pty Limited (Roc) for Roc to withdraw from its current 50% interest in Canning Basin ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |

Oil & Gas Projects in Egypt >>

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.