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Tag: Apache
Apache Acreage

Apache can spend up to $900 mn at its Western Desert concessions this year

Posted: October 6, 2020 at 2:02 pm   /   Oil & Gas

US oil and gas producer Apache could spend as much as  USD 900 million at its Western Desert oil concessions this fiscal year if oil prices mount a recovery, Al Mal reports, citing a senior official at the Egyptian General Petroleum Corporation (EGPC). The company spent some USD 840 million in Egypt last fiscal year […]

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apache

Apache responds to challenging oil market by cutting capex by 40%

Posted: March 14, 2020 at 9:32 pm   /   Oil & Gas

Apache responds to current challenging market by slashing spending: Houston-based oil and gas company Apache Corporation has announced multiple actions in response to current challenges in the oil market featuring an oil price war between Saudi Arabia and Russia following the OPEC+ breakdown, the effect of the coronavirus outbreak on global oil demand, and the […]

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Apache, Cheiron, Pharos are bidding for Shell’s Egypt onshore assets – Reuters

Posted: February 27, 2020 at 1:49 pm   /   Oil & Gas

Apache Corp, Pharos Energy among bidders for Shell’s Egypt onshore assets: sources. Royal Dutch Shell’s onshore Egyptian oil and gas assets have drawn interest from American, Egyptian, Asian and Middle East bidders, two sources familiar with the matter told Reuters. Shell launched a process at the end of November to sell its onshore upstream assets […]

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Apache

Apache Corp. plans to increase its investments in Egypt – CEO Christmann

Posted: October 20, 2019 at 3:45 pm   /   Oil & Gas

Apache Corp. plans to increase investments in Egypt: CEO – The U.S oil corporation plans to boost its investments in Egypt. Apache oil corporation has plans to boost investments in Egypt through using the cutting-edge oil and gas exploration technologies, said John J. Christmann, the President, Chief Executive Officer and Director at Apache Corporation. Christmann […]

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Apache

Apache JV Qarun Petroleum drilled 10 Western Desert exploration wells

Posted: September 3, 2019 at 4:39 pm   /   Oil & Gas

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 […]

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David Chi

Apache’s investment in Egypt exceeded $1 billion in 2018 – David Chi

Posted: October 28, 2018 at 3:13 pm   /   Oil & Gas

David Chi, Vice-President and General Manager of Apache Egypt, said the company’s investments in the Egyptian petroleum sector exceeded USD 1 billion in 2018. In statements to MENA on Thursday on the fringe of a symposium organized by the Egyptian American Chamber of Commerce, Chi said the company is confident in the economic reforms which […]

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Apache

Apache to increase its annual exploration investment in Egypt to $1 billion

Posted: August 26, 2018 at 1:06 pm   /   Oil & Gas

U.S. corporation Apache announced plans to increase its annual oil and natural gas exploration investment in Egypt to about 1 billion U.S. dollars, the Egyptian Petroleum Ministry said in a statement on Tuesday. Apache CEO John Christmann said following a meeting with Egypt’s Petroleum Minister Tarek al-Molla that his company’s move “reflects the importance of […]

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Apache Signing

Apache signs $39 million deal to drill 7 wells in Egypt’s East Bahariya

Posted: July 21, 2018 at 1:44 pm   /   Oil & Gas

The Petroleum Ministry announced Wednesday that a new agreement to drill seven oil wells in the East Bahariya concession in the Western Desert was signed, with 9-million-dollar investments and a signature grant worth 30 million dollars. The agreement was signed by CEO of the Egyptian General Petroleum Corporation (EGPC) Abed Ezz el Regal and Apache […]

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Apache to start drilling at East Bahariya concession this year

Posted: June 4, 2018 at 2:48 pm   /   Oil & Gas

El Molla, Apache delegation discuss potential oil exploration in Western Desert Apache is set to complete drilling work at its East Bahariya concession within six months of starting in 3Q2018, top executives from the Apache Corporation told Oil Minister Tarek El Molla during a meeting in Cairo yesterday, a ministry statement said. Apache is also […]

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Seeking Alpha: Apache's Big Egyptian Presence

Posted: April 7, 2018 at 2:32 pm   /   Oil & Gas

Going over Apache Corporation’s joint venture with Sinopec in Egypt. New concessions and high-quality 3D seismic mapping services could unlock new oilfields to develop in the Western Desert. Egypt is a major part of Apache Corporation’s asset base, even though it doesn’t get mentioned that often. Apache Corporation has shifted most of its capital expenditures […]

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