South Alamein definition

South Alamein means the South Alamein Concession area in Egypt;
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South Alamein means the South Alamein Concession area in Egypt; "SW Gharib" means the South West Gharib Concession area in Egypt;
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Examples of South Alamein in a sentence

  • Cepsa Egypt holds an operated 50% working interest in the South Alamein PSC in Egypt.

  • On June 29, 2011, the Company entered into an agreement to acquire a 50% working interest in the South Alamein Concession agreement in the Arab Republic of Egypt from Cepsa Egypt SA B.V. (“Cepsa Egypt”), a wholly-owned subsidiary of Compania Espanola De Petroleos, S.A. (of Spain), subject to the approval of the Egyptian Government and customary closing conditions.

  • This was considered when evaluating the relative TRL across sectors.

  • An extensive 3-D seismic acquisition program was executed over the entire South Alamein Concession area.

  • El Paso South Alamein (“El Paso SA”), a subsidiary of Houston-based El Paso Corporation, holds the remaining 50% interest in the South Alamein Production Sharing Contract (“PSC”).

  • The impairment loss was split between the South West Gharib concession ($1.2 million), the North West Gharib concession ($67.5 million) and the South Alamein concession ($10.3 million).

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  • The large spread in the estimated production is due to a number of variables outside of the Company’s control such as government approvals, the start of production at East Ghazalat and South Alamein and the repair of the export pipeline for Block S-1 in Yemen.

  • TransGlobe will assume operatorship of the South Alamein Concession upon closing of this transaction.

  • Carrying amount of E&E asset is unlikely to be recovered in full from a successful development project.The Company considered the applicability of these impairment indicators to its exploration concessions (NW Gharib, SW Gharib, SE Gharib, South Ghazalat, NW Sitra and South Alamein) and determined that it was premature to conclude that impairment indicators were present as at December 31, 2015.

Related to South Alamein

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