VOL. XLIV

No 33

13-August-2001

EGYPT

CenturionEnergy Farms Into West Gharib, Central Sinai Concessions

CenturionEnergy announced 17 July it had signed a letter of intent with TransAtlanticPetroleum Corp. to buy a 30% interest in the onshore West Gharib concessionnear the Gulf of Suez and a 25% working interest in the central Sinaiconcession. The Hana field in West Gharib, which has proven reserves of 1.8mnbarrels, is currently producing 1,750 b/d from eight wells with additionalundeveloped...