Vegas Oil and Gas S.A. is a company based in Egypt focusing on petroleum exploration and gas exploration. Headquartered in Athens, but mainly operating from the Cairo suburb of Maadi.
Activities
Vegas is also a large E&P group of companies with assets in USA, Egypt and Yemen.
It is 50% shareholder and operator of the NW Gemsa concession, Circle Oil have a 40% interest and Sea Dragon Energy have the remaining 10%. Oil production from the NW Gemsa concession peaked at 9,000 bbl/d (1,400 m3/d). All gas currently produced from the field is flared, due to sub-economic, low volumes.
Vegas is a 35% shareholder in the Alam El Shawish West concession, with Shell Egypt (operator, 40%), GDF Suez 25%.