Vegas is also a large E&P group of companies with assets in USA, Egypt and Yemen.

[2] 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%.

[5] Vegas is a 35% shareholder in the Alam El Shawish West concession, with Shell Egypt (operator, 40%), GDF Suez 25%.

[6] It is operator and 50% shareholder of the East Ghazalat concession (Western Desert), with TransGlobe Energy Corporation holding the remaining 50%.

[7][8] In August 2013, Vegas announced it had discovered oil, gas and condensate in Egypt.