Middle East Economic Survey
VOL. LIV
No 14
1-Apr-2011
EGYPT
TransGlobe Acquires 100% Of West Bakr Concession From EPEDECO
Calgary-based TransGlobe Energy Corporation on 28 March said it had signed a sale and purchase agreement with Japans Egyptian Petroleum Development Company (EPEDECO) for 100% of the West Bakr concession, subject to the approval of the Egyptian government. TransGlobe said the agreement was an all cash deal worth $60mn effective 1 July 2010 for three fields with 28...
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