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Oil & Gas

Apache to drill 20 horizontal gas wells in Apollonia field for $100 million

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Posted: December 14, 2016 at 4:36 pm   /   by   /   comments (0)

rigApache intends to spend USD 100 mn for horizontal drilling on 20 natural gas wells in the Apollonia field in the Western Desert, Al Borsa reports. If successful, the vertical wells are expected to produce around 40 mcf/d from limestone.

Apache has spent USD 24 mn so far on exploration and testing in the Apollonia field and expects to bring the second of three other wells online early next month.

(Source: Enterprise.press)

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