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. Vegas is wholly owned by the Vardinogiannis family. 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. More information...
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