en.Wedoany.com Reported - TAG Oil has secured a drilling rig for the T-200 well in its Badr Oil Field concession block in Egypt's Western Desert, with drilling expected to commence no later than the end of June 2026, pending regulatory approval.

The T-200 well is a vertical well designed to test the naturally fractured Abu Roash "F" formation, where nearby wells have discovered lighter crude oil. The well is planned to reach a total depth of 4,250 meters, with drilling and completion operations expected to take approximately 60 days. This exploration program represents a significant step for TAG Oil in advancing the development of the Badr Oil Field in Egypt's Western Desert. Positive results would provide a basis for the block's subsequent development.

The Egyptian national oil and gas exploration and development company has notified TAG Oil that new exploration blocks will be added to the Southeast Raskatara concession block, and certain economic terms of the existing concession agreement will be amended. Consequently, the preliminary approval previously obtained by TAG Oil for the Southeast Raskatara block has been withdrawn, and a new application will be resubmitted following the enactment of new legislation amending the concession agreement terms.

TAG Oil continues to advance exploration activities in the Badr Oil Field concession block in Egypt's Western Desert, with the drilling of the T-200 well set to verify the resource potential of the Abu Roash "F" formation. Meanwhile, the amendment of the agreement for the Southeast Raskatara block is also progressing, as the company's asset portfolio in Egypt is being adjusted in line with the local policy environment.

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