Apache to start drilling at East Bahariya concession this year
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 […]
Seeking Alpha: Apache's Big Egyptian Presence
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 […]
Apache plans on drilling 50 new exploration wells in Egypt in 2018/2019
Apache is planning on drilling 50 new exploratory wells in Egypt in the coming fiscal year through its Qarun and Khalda Petroleum subsidiaries, both JVs with EGPC, Apache CEO John Christmann said on Thursday, according to a report in state-owned Ahram Gate. Christmann said he expects the sector to “witness a boom” in FY2018-19. Apache’s […]
CGG, Ardiseis complete high-density 3D seismic survey in Egypt’s West Kalabsha
CGG and Ardiseis complete highest-density seismic survey ever acquired to deliver quantum shift in imaging, resolution and reservoir characterization. CGG, its technology partner, and Ardiseis, subsidiary of the Arabian Geophysical and Surveying Company (ARGAS), the Middle East’s seismic acquisition specialist, have announced the successful completion of the world’s highest-density broadband seismic survey ever acquired onshore […]
Apache executive joins Neptune Energy as CEO
Former Apache North Sea boss Jim House has signed up to Neptune Energy as CEO, starting this month. House makes the move from Apache Corp. where he has spent the last 26 years in senior leadership roles, most recently as the Senior Vice President responsible for Egypt, Mid-Continent US, Gulf Coast, Gulf of Mexico and […]
EGPC signed 3 oil & gas exploration agreements worth $50 million
The Egyptian General Petroleum Corporation (EGPC) has signed oil and gas exploration agreements with three international companies worth a combined USD 50 million, an Oil Ministry official tells Al Borsa. These include a USD 20 million oil and gas exploration agreement with Apex International in the West Badr El Din concession in the Western Desert, […]
OilPrice: New agreements shake up Egypt’s oil & gas market
The latest agreements signed by the Egyptian Ministry of Petroleum has caused recovery in Egypt’s oil and gas sector, world’s leading magazine OilPrice said in a Monday report. The new contracts will be the start of a wide-range campaign to revive the sector, which was hampered over the past few years, OilPrice added. Last week, […]
Egypt signs 3 contracts with Apache, Merlon for Western Desert oil and gas exploration worth $79 million
The Minister of Petroleum and Mineral Resources, Tarek al Molla, signed three new agreements for oil and gas exploration in the Western Desert of Egypt with the Egyptian General Petroleum Corporation and the American companies Apache and Merlon, with a minimum investment of about $79 million, a statement from the ministry said on Saturday. The […]
El Molla: Increased exploration and production rates due to political stability
Minister of Petroleum Tarek El Molla said that Egypt’s success in attracting petroleum investments and increasing investment in research and exploration were driven by several factors, foremost of which is the political stability witnessed by Egypt and the continuous support of the state to the oil sector, which is full of distinct experts and various […]
Apache JVs Khalda, Qarun produce 120 million barrels of oil in FY 2016/2017
Apache and EGPC Joint Ventures Khalda and Qarun Petroleum Companies together pumped out 120 million barrels of oil in the last fiscal year, according to Al Shorouk. Khalda spent USD 502 million and churned out 107 million barrels, while Qarun spent USD 137 million for an output of 13 million barrels. (Source: Enterprise.press)