Apache to sign three oil and gas deals in Egypt

U.S. Apache Corp is to sign three oil and gas deals on Thursday worth $30 million for a total of 14 wells in three areas of Egypt’s Western Desert, the Oil Ministry said in a statement.

Oil Minister Sameh Fahmy and a representative from Apache were attending the ceremony to sign the deals.

Apache would work with the state’s Egyptian General Petroleum Company (EGPC) and Egyptian energy firm Tharwa, the statement said.

The concessions are all in Egypt’s Western Desert. One is an agreement to invest $15 million to drill six wells at Siwa, a second is an investment of $7.5 million in four wells in Gharb Ghazalat and the third is $7.5 million to drill four wells in Saloum.



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