Management Structure
The Vegas branch office in Cairo is led by the Country Manager. This Cairo branch is responsible for operating assets through exploration and appraisal phases up to the approval for development by EGPC.
Assets with development approval are operated via an operating company which is a Joint Venture between Vegas (as JOA operator) and EGPC, as required by the respective Concession Agreements. Such companies are staffed jointly by EGPC and Vegas employees. These companies are “not for profit” organisations with corporate charters set out by law to manage the assets on a day to day basis and to discharge work programmes issued by the JOA Operator.