TransGlobe Energy Corp.
TransGlobe Energy Corp. is a Calgary-based international upstream oil and gas exploration and production company operating primarily in Egypt's hydrocarbon concessions, including USD 506 million in exploration contracts awarded alongside Pharos Energy in January 2022.
- Company typePrivate
- Founded1968
- HeadquartersCalgary, Canada
- Headcount51–100
- GTM typeB2B
- OfferingServices
What TransGlobe Energy Corp. does
TransGlobe Energy Corp. is an international exploration and production (E&P) company headquartered in Calgary, Canada, founded in 1968. The company is classified as a for-profit entity operating in the upstream oil and gas sector, with a workforce of 51-100 employees and a previously listed presence on the Toronto Stock Exchange under the symbol TSX:TGL, now delisted.
TransGlobe's operations are concentrated in Egypt's upstream oil and gas market, which was valued at USD 12.8 billion in 2024 and is projected to grow at a 4.6% CAGR through 2033. In January 2022, the company secured USD 506 million in oil exploration contracts alongside a USD 67 million grant in partnership with Pharos Energy, formalizing its upstream operating footprint in the North African hydrocarbon basin. The grant component of the award indicates negotiated regulatory access under typical Egyptian concession frameworks.
The company's revenue model derives from the exploration, development, and production of crude oil and natural gas from licensed concessions, with revenue mechanics dependent on production volumes, commodity pricing, and offtake arrangements with regional buyers. As a delisted entity with limited public financial disclosures, the company's current operational scale and revenue trajectory are not visible from external reporting. There is no disclosed AI/ML, software platform, or differentiated technology component; the business is asset- and concession-driven rather than technology-differentiated.
TransGlobe Energy Corp. firmographics
Firmographics- Name
- TransGlobe Energy Corp.
- Legal name
- TransGlobe Energy Corp.
- Website
- https://trans-globe.com
- Company type
- Private
- Founded year
- 1968
- Operating status
- Unknown
- Headcount range
- 51–100 employees
- Short description
- TransGlobe Energy Corp. is a Calgary-based international upstream oil and gas exploration and production company operating primarily in Egypt's hydrocarbon concessions, including USD 506 million in exploration contracts awarded alongside Pharos Energy in January 2022.
- Ownership category
- akta.pro rank
TransGlobe Energy Corp. industry classification
Industry- Product category
- Upstream Oil & Gas Exploration
- NAICS
- Oil and Gas Extraction (2111), Natural Gas Extraction (211130)
- SIC
- Oil & Gas Field Exploration Services (1382), Crude Petroleum & Natural Gas (1311)
- akta.pro primary industry
- Associated Gas Production (Oil-Linked) (EUAAAAAB)
Keywords
Where TransGlobe Energy Corp. is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Markets served
TransGlobe Energy Corp. business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain
TransGlobe Energy Corp. product offering
Product offeringCore offering
TransGlobe Energy Corp. is an international exploration and production company focused on upstream oil and gas operations in Egypt. The company was jointly awarded contracts valued at USD 506 million plus a USD 67 million grant for oil exploration in Egypt in January 2022, partnering with Pharos Energy to pursue upstream exploration opportunities in Egypt's growing oil and gas market.
Product overview
No product or service information for TransGlobe Energy Corp. is available in the provided sources. The available data only includes a news reference indicating that TransGlobe Energy and Pharos Energy were awarded contracts worth USD 506 million plus a USD 67 million grant for oil exploration in Egypt in January 2022.
Differentiator
Problem solved
Functional benefit
Products and services
- Egypt Oil Exploration Contract (Joint with Pharos Energy) Upstream oil exploration services conducted in partnership with Pharos Energy under contracts awarded in Egypt's upstream oil and gas market. Targeted at refining, commodity trading, and host government entities sourcing crude oil from Egyptian fields.
Companies that use TransGlobe Energy Corp.
Customer profileSegments1 record
Ideal customer profiles1 record
TransGlobe Energy Corp. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
TransGlobe Energy Corp. partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Pharos EnergycoreTransGlobe Energy and Pharos Energy were jointly awarded contracts worth USD 506 million plus a USD 67 million grant for oil exploration in Egypt in January 2022. This represents a significant partnership in Egypt's upstream oil and gas sector.
Scale indicators1 record
Recent moves4 records
Expansion highlights3 records
TransGlobe Energy Corp. competitors and assessment
Company assessmentDirect peers
- IPR Energy Group: Egypt-focused upstream operator active in the Western Desert. Comparable to TransGlobe as a similarly-sized player concentrated on Egyptian exploration and production opportunities.
- Pharos Energy: UK-listed E&P focused on Egypt and Vietnam. Pharos is TransGlobe's joint-venture partner on the USD 506M Egypt exploration contracts and operates in the same Egyptian upstream play type.
- Genel Energy: MENA-focused upstream operator with assets in Iraqi Kurdistan and other regional plays. Comparable in operating model and regional focus to a North-Africa E&P like TransGlobe.
- EnQuest: UK-listed international E&P with North Sea and Malaysia operations. Comparable as a small-to-mid-cap upstream operator pursuing similar production-and-exploration strategies across international jurisdictions.
- Vaalco Energy: Texas-based E&P operating across West and North Africa including Egypt. Same international upstream focus and active Egyptian acreage, making Vaalco the most directly comparable peer to TransGlobe.
- SDX Energy: MENA-focused E&P with producing assets and exploration in Egypt and Morocco. Comparable as a small-cap North Africa operator focused on near-term production and exploration.
Broad incumbents
- APA Corporation (formerly Apache): Large independent E&P with significant historical Egyptian operations alongside a global portfolio. Comparable in Egyptian acreage but materially larger and geographically diversified.
Others
- Egyptian General Petroleum Corporation (EGPC): State oil entity that is effectively TransGlobe's host-government counterparty on Egyptian production-sharing arrangements. Not a competitor but a critical ecosystem participant shaping TransGlobe's contract economics.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
TransGlobe Energy Corp. social profiles
Digital presenceTransGlobe Energy Corp. financial estimates
Financial estimateRevenue estimate
Valuation estimate
TransGlobe Energy Corp. leadership team
Management profileNumber of profiles
TransGlobe Energy Corp. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TransGlobe Energy Corp. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TransGlobe Energy Corp.
What does TransGlobe Energy Corp. do?
TransGlobe Energy Corp. is an international exploration and production company focused on upstream oil and gas operations in Egypt. The company was jointly awarded contracts valued at USD 506 million plus a USD 67 million grant for oil exploration in Egypt in January 2022, partnering with Pharos Energy to pursue upstream exploration opportunities in Egypt's growing oil and gas market.
Is TransGlobe Energy Corp. a public or private company?
TransGlobe Energy Corp. is a private company. It is classified as unknown and is currently unknown.
When was TransGlobe Energy Corp. founded?
TransGlobe Energy Corp. was founded in 1968. It employs 51 to 100 people.
Where is TransGlobe Energy Corp. based?
TransGlobe Energy Corp. is headquartered in Calgary, Canada, in the North America region.
Who are TransGlobe Energy Corp.'s main competitors?
Direct peers on record are IPR Energy Group, Pharos Energy, Genel Energy, EnQuest, Vaalco Energy and SDX Energy. APA Corporation (formerly Apache) is listed as a broad incumbent. Egyptian General Petroleum Corporation (EGPC) is listed as an others.
Does TransGlobe Energy Corp. have an API?
No public API is recorded for TransGlobe Energy Corp..
What industry is TransGlobe Energy Corp. in?
TransGlobe Energy Corp.'s product category is Upstream Oil & Gas Exploration. Its primary akta.pro industry code is EUAAAAAB, Associated Gas Production (Oil-Linked). Its NAICS code is 2111 and its SIC code is 1382.