Vegas is an independent oil and gas company with an impressive track record of growth based on exploration success. Vegas began its involvement in the oil and gas business in Egypt, in 1990 through Kriti Oil & Gas, an affiliate company. Since that time, Vegas has developed the business by acquiring additional exploration concessions in Egypt via licensing rounds. Vegas has drilled some 75 wells as operator of which 24 have been exploration wells and the remainder appraisal and development wells. A total of 14 discoveries have been made resulting in 10 different development leases. This success has yielded a total 2P reserves base of 445 million barrels oil equivalent. The 2013 exit production rates were 15,340 barrels per day liquids and 71.3 million standard cubic feet per day gas. The company now holds operated interests in one onshore exploration concession in the Arab Republic of Egypt and in another exploration asset in Texas (USA) through its 35% shareholding in Motor Oil Vegas Upstream Limited.
Vegas is an independent oil and gas company with an impressive track record of growth based on exploration success. Vegas began its involvement in the oil and gas business in Egypt, in 1990 through Kriti Oil & Gas, an affiliate company. Since that time, Vegas has developed the business by acquiring additional exploration concessions in Egypt via licensing rounds. Vegas has drilled some 75 wells as operator of which 24 have been exploration wells and the remainder appraisal and development wells. A total of 14 discoveries have been made resulting in 10 different development leases. This success has yielded a total 2P reserves base of 445 million barrels oil equivalent. The 2013 exit production rates were 15,340 barrels per day liquids and 71.3 million standard cubic feet per day gas. The company now holds operated interest in one onshore exploration concession in the Arab Republic of Egypt.
- Concession or License Agreements. Concession or license agreements have evolved considerably since their introduction in the early 1900s as one-sided contracts when many of the resource-rich nations of today were dependencies, colonies, or protectorates of other states or empires.
- The 2019 West Africa Oil and Gas Activity and Concession Map is now available. Prices for rolled maps are £200 including postage and packing. Folded maps are available at reduced prices and laminated versions are available on request for an additional £100 – contact sales.crs@clarksons.com for more details.
Nigeria Oil And Gas Concessions Map And Licenses Bureau Of Revenue
Nigeria is the largest oil producer in Africa, holds the largest natural gas reserves on the continent, and is among the world’s top five exporters of liquefied natural gas (LNG). In 2018, the petroleum sector contributed 8.60% to Nigeria’s GDP but accounted for approximately 90% of Federal Government income. The Energy Department is a fusion of two older Departments; the Electric Power Department and the Oil and Gas Department; as approved by the National Council on Privatisation and implemented in January 2018. Since both departments had to do with energy, it was thought expedient to have them collapsed into a single department. Recently incorporated.