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Tag: Apache

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

Posted: June 6, 2017 at 3:21 pm   /   Oil & Gas

Apache 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 […]

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Sinopec downplays concerns about its investment in Egypt

Posted: May 24, 2017 at 1:30 pm   /   Oil & Gas

China Petroleum & Chemical Corp, or Sinopec, has played down concerns about potential risks to the value of its investment in the Apache project in Egypt. Sinopec’s clarification came in response to concerns that the value of its 33 percent stake in Apache’s Egyptian company, which it bought for $3.1 billion in 2013, may have […]

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David Chi

Interview with David Chi, Vice-President & General Manager – Apache Egypt

Posted: May 16, 2017 at 2:16 pm   /   Oil & Gas

David Chi, Vice-President of Apache Corporation and General Manager for Apache Egypt Companies, outlines Apache’s successful 2016 performance in Egypt, their ‘fire in the belly’ attitude underlying their stellar track record of operating in Egypt, their long-term investment strategy in Egypt and his perspective of Egypt’s potential as an investment destination. You were appointed VP […]

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Offshore Technology: As firms flock offshore Egypt, can the nation reverse its energy fortunes?

Posted: April 2, 2017 at 9:03 pm   /   Oil & Gas

Egypt’s recent signing of three exploration agreements with Total, Eni and BP are just the latest in a flurry of offshore activity following a major gas discovery by Eni in 2015. The Egyptian government is keen for the country to prosper from its resource wealth, to repay mounting debt and end a reliance on energy […]

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Prime Minister & Minister of Petroleum meet with Apache CEO

Posted: April 2, 2017 at 8:45 pm   /   Oil & Gas

Prime Minister Eng. Sherif Ismail received yesterday John Christmann, the Chief Executive Officer of Apache, and James House, Senior Region Vice President for Apache, and David Chi, Regional Vice President and Apache Egypt General Manager, in the presence of Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources. At the meeting, the Prime Minister […]

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Petroleum Minister meets with Sinopec Head, Apache VP

Posted: February 21, 2017 at 12:47 pm   /   Oil & Gas

Petroleum Minister Tarek El Molla met with the head of China’s state-owned Sinopec, Wang Yupu, who said his company is mulling a petrochemical project in the Suez Canal Economic Zone, Al Masry Al Youm reports. Also present at the meeting was the vice president of Apache, which previously sold a one-third stake in its Egyptian […]

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Apache Executive: Egypt oil production needs 21st century revamp

Posted: February 16, 2017 at 10:48 pm   /   Oil & Gas

Egypt needs to rethink the joint venture model that has governed its onshore oil industry for the past half century as part of wider reforms to the economy, according to James House, senior region vice president for the country’s largest international oil producer, Apache. At the Egypt Petroleum Show EGYPS in Cairo this week, House […]

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Players’ healthy interest outside Egypt’s Nile Delta

Posted: February 11, 2017 at 2:44 pm   /   Oil & Gas

Future upstream licensing in Egypt’s Nile Delta offshore province may be facing a hiatus, but the most recent round to have been completed by state-owned Egyptian General Petroleum Corporation signalled healthy interest by players in other acreages. Smaller, cash-strapped players were not much in evidence during the 2016 round, covering acreage in the Gulf of […]

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Qarun Petroleum plans $190 million in investments for FY 2017-18

Posted: January 12, 2017 at 8:14 pm   /   Oil & Gas

Qarun Petroleum Company (QPC) plans to inject $190 million in investments in the fiscal year 2017 – 2018, said a press release. “The company seeks to drill 14 wells in FY2017 – 2018,” said Mohsen El-Noby, Chairman. The company’s average daily production recorded 37 barrels up 11% from the previously established target at the first […]

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Khalda Petroleum plans to invest $810 million in FY 2017-18

Posted: January 12, 2017 at 8:11 pm   /   Oil & Gas

Khalda Petroleum Company said it plans to inject $810 million in investments in the fiscal year 2017 – 2018, said CEO, Mohamed Abdel Azim. “The company plans to drill 33 exploratory wells,” added Abdel Azim. Earlier, the company said has reduced the cost of oil produced from the Apache concession area in the western desert […]

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