Unlocking Egypt's Vast Unconventional Resource Potential
A new direction for a proven operator
In the Western Desert of Egypt, TAG Oil is developing the unconventional heavy oil Abu Roash “F” (ARF) formation in the Badr oil field (BED-1) and Southeast Ras Qattara (SERQ) concessions. Analysis from RPS Energy reserves evaluation indicates the ARF target in BED-1 potentially contains more than 500 million barrels of oil in place and has a high probability for successful commercial development. An independent volumetric assessment of SERQ indicates 3.2 billion barrels of oil in place. TAG is planning to use its expertise in Enhanced Oil Recovery (EOR) techniques and apply horizontal drilling and hydraulic fracture stimulation to unlock the ARF reservoir potential in Egypt.
BED-1 Development Phases Overview
- BED-1-7 Vertical Recompletion: Successfully completed in May 2023, achieving an initial production rate of 140 BOPD. A rod pump and associated surface facilities are currently being installed to optimize oil production.
- BED4-T100 Horizontal Well: Reached a total depth of 3,547 meters, including a 308-meter lateral in the ARF formation, by March 2024. The well was successfully completed with twelve hydraulic fracture stages in April 2024, achieving an initial production rate of 400 BOPD. As of December 2024, the current production rate is approximately 100 BOPD.
- The Company has received a 3-year extension for the Phase-1 Evaluation to October 2028 and is planning to drill two additional wells.
