Oil minister Tarek El Molla held talks with chairman of Apex International Energy Thomas Maher about the company’s concessions in Egypt's Western Desert in the attendance of a delegation from Blue Water Energy.
Apache has announced its plans to increase its annual investment in Egyptian oil exploration projects to $1 billion.
Egypt expects foreign investors to pump $10 billion in foreign direct investment (FDI) into the country's petroleum sector in FY 2018/19.
Apache plans to drill three out of seven planned wells in the Western Desert by the end of 2018, according to an oil ministry source.
Eni has announced a second light oil discovery on the B1-X exploration prospect located in the South West Meleiha license, located in Egypt's Western Desert.
Apache will start drilling new oil wells in the East Bahariya concession in the Western Desert during Q3 2018.
Apex International Energy has signed $15 million worth of agreements for 3D seismic acquisition services and long-lead well equipment to develop its concessions in Egypt’s Western Desert.
Royal Dutch Shell plans to drill 63 wells in the Western Desert during 2018.
The Egyptian government approved GlobalConnect’s acquisition of a 25% stake in the Abu Sennan Concession.
Vallourec signed a contract with Badr El Din Petroleum Company (BAPETCO) to provide tubular services for 60 – 70 gas wells.
