Greek independent Vegas started production at its East Ghazalat concession in Egypt’s Western Desert on 9 September. Initial output is 1,250 b/d of 34°API crude from three wells, with a fourth soon to be added.
Production will remain capped at this level for some time due to trucking constraints but should ultimately reach 5,000-7,000 b/d once export pipeline access is secured and further development drilling has taken place, according to Vegas’ partner, Canadian firm TransGlobe. Both firms have 50%. Reserves are 9mn barrels (2P), Vegas says. (CONTINUED - 355 WORDS)
