Egypt

Sea Dragon Energy Inc., Calgary, formed an alliance with Tanmia Petroleum Co., a 100% owned affiliate of Egyptian General Petroleum Corp., under which the two will jointly appraise, develop, and produce hydrocarbons in Egypt.

By OGJ editors
HOUSTON, Mar. 8
– Sea Dragon Energy Inc., Calgary, formed an alliance with Tanmia Petroleum Co., a 100% owned affiliate of Egyptian General Petroleum Corp., under which the two will jointly appraise, develop, and produce hydrocarbons in Egypt.

The companies will manage undeveloped and underdeveloped oil and gas assets. Sea Dragon said EGPC has technical information for an inventory of opportunities in concessions or development leases that may become available for allocation to TPC.

Sea Dragon and TPC will appraise the information, evaluate the potential, and select field(s) to submit a development application to EGPC on terms to be negotiated.

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