Khalda Petroleum | Egypt Oil & Gas - Part 3

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.

Apache to Invest $909m in Egypt

US Apache will invest $908.9m in drilling 97 new wells in Egypt's Western Desert during fiscal year 2016/2017.

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