Vegas Oil and Gas

Vegas Oil and Gas S.A. is a company based in Egypt focusing on petroleum exploration and gas exploration. Headquartered in Athens, but mainly operating from the Cairo suburb of Maadi.[1]

Vegas Oil and Gas S.A.
TypePrivate
IndustryPetroleum and gas exploration
Founded2003
Headquarters
Athens
,
Greece
Area served
SE Europe, Northern Africa
Key people
Vardis Vardinogiannis (Chairman)
Hussein Kamel (V. Chairman)
Giannis Vardinogiannis (CEO)
ProductsOil and Gas production
Websitewww.vegasoil.com

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 9,000 bbl/d (1,400 m3/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]

Recent news

In August 2013, Vegas announced it had discovered oil, gas and condensate in Egypt.[9]

See also

References
  1. "Vegas Welcomes Shell in Egyptian Concession". Rigzone. Retrieved 2010-01-17.
  2. "Vegas Oil & Gas S.A." Linkedin. Retrieved 2010-06-05.
  3. "Egypt: Shell acquires interest in Alam El Shawish concession in deal with GDF Suez and Vegas Oil & Gas". Retrieved 2010-01-15.
  4. "Sea Dragon Announces Completion of Al-Amir". Gulf oil and gas. Retrieved 2010-01-15.
  5. "Egypt oil and gas". Egypt oil and gas. Retrieved 2010-01-19.
  6. "Shell Egypt to buy 40 pct of W. Desert concession". Reuters. 2010-01-14. Retrieved 2010-01-15.
  7. "Vegas booms on the exploration route". Egypt oil and gas. Retrieved 2010-01-17.
  8. "CNN money". CNN. Retrieved 2010-01-25.
  9. Vegas Oil & Gas discovers oil, gas and condensate in Egypt, Africa: Oil Review Africa, 2013
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