Vegas Oil and Gas S.A. is a company based in Egypt focusing on petroleum exploration and gas exploration. It is headquartered in Athens, but mainly operates from the Cairo suburb of Maadi.[1]
Vegas is wholly owned by the Vardinogiannis family.
Activities
Vegas is also a large E&P group of companies with assets in USA, Egypt and Yemen.[2]
It is 50% shareholder and operator of the NW Gemsa concession, Circle Oil have a 40% interest and Sea Dragon Energy have the remaining 10%.[3] Oil production from the NW Gemsa concession peaked at 9000 oilbbl/d.[4] All gas currently produced from the field is flared, due to sub-economic, low volumes.[5]
Vegas is a 35% shareholder in the Alam El Shawish West concession, with Shell Egypt (operator, 40%), GDF Suez 25%.[6]
It is operator and 50% shareholder of the East Ghazalat concession (Western Desert), with TransGlobe Energy Corporation holding the remaining 50%.[7][8]
In August 2013, Vegas announced it had discovered oil, gas and condensate in Egypt.[9]
See also
- Energy in Egypt
External links
References
- Vegas Welcomes Shell in Egyptian Concession Rigzone, retrieved 2010-01-17^
- Vegas Oil & Gas S.A. Linkedin, retrieved 2010-06-05^
- Egypt: Shell acquires interest in Alam El Shawish concession in deal with GDF Suez and Vegas Oil & Gas retrieved 2010-01-15^
- Sea Dragon Announces Completion of Al-Amir Gulf oil and gas, retrieved 2010-01-15^
- Egypt oil and gas Egypt oil and gas, retrieved 2010-01-19^
- Shell Egypt to buy 40 pct of W. Desert concession Reuters, 2010-01-14, retrieved 2010-01-15^
- Vegas booms on the exploration route Egypt oil and gas, retrieved 2010-01-17^
- CNN money CNN, retrieved 2010-01-25^
- Vegas Oil & Gas discovers oil, gas and condensate in Egypt Oil Review Africa, 2013^