TAG Oil to drill well in Egypt’s Western Desert
Key Highlights
- TAG Oil secured a drilling rig for an upcoming well in Egypt’s Western Desert.
- The company expects to start drilling by the end of June.
TAG Oil Ltd. secured a drilling rig for the upcoming T-200 well at Badr oil field (BED-1) in Egypt’s Western Desert.
The vertical well is planned to test the Abu Roash F formation in BED-1, a naturally fractured reservoir in the area where adjacent wells have encountered lighter gravity oil. The well is projected to reach a total depth of 4,250 m and is anticipated to require about 60 days to drill and complete.
TAG Oil expects to start drilling operations by the end of June 2026, subject to receipt of all required regulatory approvals.
The company has also been advised by the Egyptian National Petroleum for Exploration and Development Co. (ENPEDCO) that additional exploration blocks have been included into the Southeast Ras Qattara Concession (SERQ), together with amendments to certain economic terms of the current concession agreement.
As a result, the preliminary approval of TAG Oil’s award has been withdrawn and will be resubmitted following enactment of the new law amending the current concession agreement terms.