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Tag: Qarun Petroleum
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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Apache plans on drilling 50 new exploration wells in Egypt in 2018/2019

Posted: March 25, 2018 at 7:02 pm   /   Oil & Gas

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 […]

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Rockhopper provides Egypt drilling program for 2018

Posted: February 26, 2018 at 11:06 pm   /   Oil & Gas

Four wells targeted this year on two onshore concessions. Rockhopper Exploration, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, has provided the following operational and corporate update: Improved production from Abu Sennan with current production at 4,000 boepd gross (880 boepd net to RKH) Continued […]

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El Molla: Increased exploration and production rates due to political stability

Posted: August 19, 2017 at 8:29 pm   /   Oil & Gas

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 […]

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Apache JVs Khalda, Qarun produce 120 million barrels of oil in FY 2016/2017

Posted: August 16, 2017 at 9:57 pm   /   Oil & Gas

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)

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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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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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