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.

  • 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”).

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

  • At South Alamein, it was determined during Q3-2017 that an impairment loss was necessary, due to the results of the Boraq 5 well and the uncertainty of an economic development of Boraq in the future.

  • 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).

  • 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.

  • Pursuant to the June 7, 2012 and July 26, 2012 share purchase agreements for a combined 100% operated interest in the South Alamein concession in Egypt, the Company has a commitment to drill one well (all financial commitments have been met) prior to the termination of the final two-year extension period, which expires on April 4, 2014.

  • 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.

  • The South Alamein PSC is in the first, three-year extension period which expires on April 5, 2012.

  • 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.

Related to South Alamein

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