*Merges three fragmented development leases on the west shore of the Gulf of Suez. (CONTINUED - 906 WORDS)
TransGlobe Egypt Deal: The Key To Reversing Oil Decline?
Drilling at Egypt’s mature high-decline oil fields has proved uneconomic at sub-$50/B Brent. A ‘win-win’ deal aims to make investment profitable at lower prices.
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Egypt’s Gulf Of Suez Oil Output Fell To A Multi-Decade Low Of 237,000 B/D For Q3 (‘000 B/D)
Transglobe Egypt Output Fell To 9-Yr Low Of 9,600 B/D For Q3 As Drilling Halted (‘000 B/D)
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