Khalda Petroleum | Egypt Oil & Gas - Part 2
El Molla: Egypt Experienced a Boom in Petroleum Investment
The Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the general assemblies of Qarun Petroleum Company and Khalda Petroleum Company to review their fiscal year (fy) 2016/2017 operations.
El Molla Visits Khalda Petroleum’s Concessions
Tarek El Molla visited Khalda Petroleum's concessions in the Western Desert and pointed out measures taken to encourage international oil companies (IOCs) to boost investments in the country.
Khalda Petroleum to Invest $810m
Khalda Petroleum Company, a joint venture between the Egyptian General Petroleum Corporation (EGPC) and US Apache, allocated $810m investments in the budget of fiscal year 2017/2018
Apache to Drill 20 Gas Wells
US Apache intends to invest $100m in horizontal drilling on 20 wells in the Apollonia field located in the Egyptian Western Desert in order to produce around 40mcf/d of gas.
Apache Produced at $4.5/b at Western Desert Area
US Apache's joint venture in Egypt, Khalda Petroleum, reduced the cost of oil produced from its concession located in the Egypt's Western Desert from $5 to $4.5 per barrel during the first quarter of fiscal 2016/2017.
