Apache unveils three oil and gas discoveries in Egypt

oilwell egypt-Dani Simmonds sxc.huEgypt is a key area for Apache’s operations. (Image source: Dani Simmonds/sxc.hu)Apache Corporation has reported three oil and gas discoveries in Egypt’s western desert, expanding the company’s production base in the area

Thomas Maher, Apache Egypt region’s vice president, said, “We have been operating in the most remote areas of the country for the last 20 years.”

The first discovery test-flowed at a combined rate of 1,625 bpd and 529,525 cubic metres of natural gas a day. Operations confirmed 2.83 cubic metres of pay sands in several zones. Appraisal drilling has been planned for later this year, Apache said in a statement.

The second discovery tested at a rate of 2,041 bpd. The discovery well encountered 3.4 cubic metres of hydrocarbon pay. Production is expected to begin once government approvals are received.

The third find encountered 1.6 net cubic metres of hydrocarbon pay and tested at 419,089 cubic metres of natural gas and 1,522 barrels of condensate per day.

Egypt is a key area for Apache’s operations. During the Q4 2012, the country accounted for about 28 per cent of the company’s oil production and roughly 16 per cent of its natural gas volume.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?