Egypt and Apache Corporation to look for oil and gas in western Sahara Desert

gas-egypt 2According to the oil minister, Egypt hopes to make new explorations in the Delta for its deep geological structures as well as in the Western Sahara and the Mediterranean Sea. (Image source: Sten Dueland/Flickr)Egypt has signed oil and gas search deals with Apache Corporation worth US$44mn in Western Sahara

According to a statement from the Egypt’s Ministry, the drilling in the Western Sahara will also include US$25mn in state grants with Apache Corporation expected to drill 11 new wells.

Seven well are expected to be drilled at Ras Knaess with a total investment of US$28mn Siwa will see the drilling of four wells worth US$16mn, it added.

Sharif Ismail, oil minister of Egypt, said, “Thirty five exploration deals were signed since October 2013, with an estimated investment value of US$2bn and grants of US$242mn to drill 149 wells.”

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