Vegas Oil and Gas

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Vegas Oil and Gas S.A.
Type Private
Industry Petroleum exploration
Founded 2003
Headquarters Athens, Greece
Key people Vacant [ CEO ]
Products Oil and Gas Production
Employees approx 200 (2009)
Website www.vegasoil.com

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

Vegas is owned by the Vardinogiannis family.

Vegas is an 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[edit]

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

References[edit]

  1. ^ Rigzone http://www.rigzone.com/news/article.asp?a_id=85841 |url= missing title (help). Retrieved 2010-01-17. 
  2. ^ Linkedin http://www.linkedin.com/companies/387877/Vegas+Oil |url= missing title (help). Retrieved 2010-06-05. 
  3. ^ http://www.energy-pedia.com/article.aspx?articleid=1384008. Retrieved 2010-01-15.  Missing or empty |title= (help)
  4. ^ Gulf oil and gas http://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=9478 |url= missing title (help). Retrieved 2010-01-15. 
  5. ^ Egypt oil and gas http://www.egyptoil-gas.com/read_article_local.php?NID=1252 |url= missing title (help). Retrieved 2010-01-19. 
  6. ^ "Shell Egypt to buy 40 pct of W. Desert concession". Reuters. 2010-01-14. Retrieved 2010-01-15. 
  7. ^ Egypt oil and gas http://www.egyptoil-gas.com/read_article_issues.php?MID=53&arch=true&AID=275 |url= missing title (help). Retrieved 2010-01-17. 
  8. ^ CNN http://money.cnn.com/news/newsfeeds/articles/marketwire/0579958.htm |url= missing title (help). Retrieved 2010-01-25. [dead link]
  9. ^ Vegas Oil & Gas discovers oil, gas and condensate in Egypt, Africa: Oil Review Africa, 2013 

External links[edit]