Siemens’ Oil & Gas Portfolio Oiling Strife?
The Gulf of Suez: What a difference a month can do
The new Iraqi oil bill could cause more turmoil in the already war-torn country
The Gulf of Suez has witnessed a surge of activities reviving once again the glory of the country’s top oil producing area.
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August 2007
Issue 8
More than just a beach
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What if...?
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page 22
Study of Tertiary Oil Recovery by Surfactant/ Polymer Flooding Surfactants/Polymers (SP) has been in use since the 1950’s. SP has been used worldwide and has been successful in recovering additional oil of about 15 to 30% of OOIP. page 16
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Published by Egypt Oil and Gas S.A.E
24 pages
Continued on page 11
ON July 16, 2007 the Minister of Petroleum, Sameh Fahmy visited Alam El Shawish concession in the Western Desert to witness, first hand, the new gas discovery made by Greece’s Vegas Oil and Gas SA. With a 100% working interest in the concession, Vegas was proud to announce the discovery which will add a minimum of 40 mmscf of gas and some 2200 Bbl of condensante per day to the Egyptian market. Alam El Shawish concession consists of four fields: Al Barq, Al Assil, Al Karam, and Bahga. The discovery was made in the first well in El Assil field, leaving several other prospects to explore. The other fields in the concession also have promising production rates, with Al Barq producing 1,300 Bbls per day, Al Karam, one of their largest fields, producing 9 mmscf per day, and Bahga producing 1,100 Bbls per day.
Vegas Oil and Gas has three other concessions in Egypt: East Ghazalat with 100% working interest, East Alamein with a 100% working interest, 35% of which have been recently farmed out to Pico Energy, and Gemsa with a 90% working interest and 10% belonging to UK's Premier Oil Plc. Remarking on what this new discovery means to Egypt, Eng. Ibrahim Abd El Gawad, Operations Director of Vegas, commented that “such discoveries will have a very positive impact to the country reserves for both Gas and condensate which are very important to secure the incremental increase in energy demands.” VEGAS Oil & Gas is committed to develop and run AES operations using state of the art technology while also securing and maintaining HSE standards.
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