Khalda to invest $800 million in drilling in FY 2017-18

khaldaApache JV Khalda Petroleum will invest USD 800 million in drilling 53 development wells and 38 exploratory wells in FY 2017-18, Al Mal reports.

The company’s production is expected to surpass 151,000 bbl/d of crude, condensates, and butane, and 800 mcf/d of gas. Khalda will also conduct 3D seismic surveys in West Kalabsha and Khalda-3 concessions.

(Source: Enterprise.press)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s