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May 15, 2020

TransGlobe negotiating lower operating costs

By Miranda Mclaren

TransGlobe Energy has initiated discussions with Egyptian General Petroleum Corporation (EGPC) to reduce operating expenditure in Egypt’s Eastern Desert region and is considering ceasing all production from its Western Desert concession, according to results published by the company for the first three months of the year.

The move comes amid low global oil prices and after a development well drilled at West Bakr failed to fulfil some of its objectives.

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