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Oil & Gas

Apache JV Qarun Petroleum drilled 10 Western Desert exploration wells

Apache
Posted: September 3, 2019 at 4:39 pm   /   by   /   comments (0)

Qarun Petroleum, a joint venture between Apache and the Egyptian General Petroleum Company, has drilled 10 exploratory wells in the Western Desert, producing a combined 5k bbl/d, the Oil Ministry said in a statement yesterday.

This will account for 16% of the company’s total production. The company is now considering investing USD 237 million during FY2019-2020 in further development projects. 

(Source: Enterprise.press)

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