document: In early October 2018, TransGlobe Energy Corp (TransGlobe) abandoned the Ghazalat South 1 (SGZ-1) exploration well in the South Ghazalat permit, Abu Gharadiq Basin.   The well was spudded in early October 2018 and drilled to a TD of 935 m. It has the Cenomanian Bahariya formation as the target.   SGZ-1 well final cost is estimated at USD 700,000.    Background Information     TransGlobe reported on 8 November 2013 that the official signature for the award of the four exploration permits, Northwest Gharib, Southwest Gharib, Southeast Gharib and South Ghazalat has been held on 7 November 2013. The four PSCs were won in the 2011/2012 EGPC bid round. Expenditure commitments for the four blocks for the initial three-year period are of USD 101.1 million, including USD 40.6 million for signatures bonuses, acquisition of new 2D or 3D seismic surveys and the drilling of up to 40 wells. For each permit, the initial exploration period run for three years, plus possible two extensions of two year each. TransGlobe is the sole participant in the four PSCs. The contracts were ratified into Law on 3 October 2013.     On 13 June 2015, TransGlobe completed its 408 sq km 3D seismic survey over the South Ghazalat permit. The survey started on 3 May 2015 by CGG, the contractor. The survey is part of a large seismic programme that includes the acquisition of 1,000 sq km 3D seismic data (in Northwest Gharib (NWG), Southwest Gharib (SWG) and Southeast Gharib (SEG)) as well as 300 km of 2D seismic data in the Eastern Desert plus a 400 sq km 3D seismic survey in the South Ghazalat for a total of USD 36 million.
summary: TransGlobe Energy Corp (TransGlobe) abandoned the Ghazalat South 1 (SGZ-1) exploration well in the South Ghazalat permit, Abu Gharadiq Basin.