Canadian independent TransGlobe, the largest single winner in EGPC’s latest bidround, says that it has recently been able to step up production drilling. The firm blames bureaucratic delays, in particular the delayed approval of drilling permits for a drop in production at its key West Gharib acreage in Egypt’s Eastern Desert in the third quarter. Q3 output was 12,260 b/d, down from 14,000 b/d in April, although September showed a modest increase to just shy of 12,500 b/d. “Natural declines in production [were] not offset by new wells as planned due to a prolonged contract approval process for well stimulations,” the firm said in a 1 October operations update.
The recent approvals uptick has enabled the firm to set a new production record of 6,270 b/d for September on the neighboring West Bakr concession. (CONTINUED - 238 WORDS)
