Apache | Egypt Oil & Gas - Part 9

Apache to Keep Assets in Egypt

Apache Corp has tabled its plans to sell or spin-off its businesses in Egypt and the North Sea because those projects generate needed cash in a time of low crude oil prices, the CEO said on Thursday. “Clearly in...

Egypt Officially Starts Its Hydraulic Fracturing Era

In a landmark deal, Egypt awarded its first unconventional gas contracts to Texas-based Apache Corporation and Shell Egypt, a subsidiary of British-Dutch Royal Dutch Shell. The deal, which includes investments of arou...

Apache to Receive $3.1 Billion in Exchange For 33 Percent Interest in Apache Egypt

Apache Corporationand Sinopec International Petroleum Exploration and Production Corporation announced they have launched a global strategic partnership to pursue joint upstream oil and gas projects. As the first step...

Apache announces three new oil and gas discoveries in Western Desert, extends production base across vast concession areas

Apache Corporation announced drilling success with three new discovery wells in Egypt’s Western Desert. “Apache’s discoveries, made in three separate basins, highlight the company’s diverse pot...

Success for Apache on Khalda Ridge

Apache Corporation reported that the Amoun NE-1X discovery  on the north flank of Egypt’s Khalda Ridge producing complex tested at a combined rate of 3,186 barrels of oil and condensate and 11 million cubic feet...

Apache Plugs Three Western Desert Exploratory Well

American oil company Apache Corporation has temporarily abandoned three recently drilled exploratory wells, WKAL-L-D-1X, WKAN-D-1X, and WKAL-O-1X, all of which were drilled in the context of the company’s current dril...

Apache Drills Dry Hole in the West Kalabsha Block, Western Desert

American Apache Corporation has concluded drilling operations for a wildcat well, labeled TELL-1X, located in the company’s West Kalabsha block in the Western Desert. The operation comes as part of Apache’...

Apache Drills New Development Leases in Faghur Basin, Western Desert

Apache Corporation reported that approval of seven new development leases in the Faghur Basin has enabled the company to add 5,200 barrels per day of new production in Egypt’s Western Desert. “Apache is pu...

US Apache Corp To Expand Egypt Investments By $1 Bln In 2013 -Kuna

U.S. oil and gas producer Apache Corp. (APA) has reached a deal with Egypt to expand its oil and gas investments in the North African country in 2013 by $1 billion, Egypt’s Minister of Oil Abdullah Ghorab said, ...

Apache Adds Two New Wells to its Western Desert Portfolio

The American operator Apache commenced the drilling of two exploratory oil-producing wells located in its Western Desert concession area. The drilling of the WKANL-1x and TELL-1x wells has averaged $6.164 million in i...

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