Gulf Oil and Gas accountACCOUNT

Apache Interested in Expanding Its Activities in Egypt

Source: Ahram Online 6/3/2018, Location: Africa

Share |
Cairo said that US oil company Apache has expressed interest in expanding its activities and investments in Egypt, "breaking new ground" for cooperation with the Egyptian petroleum sector.

In an official statement, Egypt’s petroleum and mineral resources ministry said minister Tarek El-Molla met with a delegation from the American company, where they discussed work underway at the company’s concessions in the Western Desert.

Both sides discussed the company’s intensive work pursuing oil discoveries in the West Kalabsha and West Kanayes concessions, after a trial of advanced seismic surveys in the areas succeeded.

The drilling programme in eastern Bahariya in the Western Desert, where drilling will start during the third quarter of the current year, was also discussed.

According to the statement, production from eastern Bahariya is predicted to start six months after drilling operations.

Apache also expressed their interest in Egypt’s international major tender for oil and gas exploration, specifically in bidding on 11 blocs, including five in the Western Desert.

In May Egypt announced it will launch two international bid rounds for oil and gas exploration in 2018.

One bid round will cover 16 concession areas, mostly in the Mediterranean Sea, under state buyer EGAS, in its largest ever bid round.

The other auction will cover 11 concession areas under the Egyptian General Petroleum Corp (EGPC).

Egypt has been seeking to speed up production from recently discovered fields, with an eye to halting imports by the end of 2018 and achieving self-sufficiency.

The Zohr field, discovered by Italian giant Eni and deemed the largest natural gas discovery ever made in the Mediterranean Sea, is located off Egypt's northern coast, within the Shorouk block, some 190 km north of Port Said.

The field was discovered in August 2015; production began in December 2017 with a time-to-market of 2.3 years.

The mammoth gas field is set to transform Egypt's liquid natural gas (LNG) industry, ending Egypt's importation of the product.

In May, Eni announced the start-up of the third production unit (T-2) of the Zohr field project, increasing its functional capacity to 1.2 billion cubic feet per day (bcf/d).

Exploration News in Egypt >>

Russia >>  10/10/2018 - NOVATEK has announced that its wholly owned subsidiary Arctic LNG 3has completed the testing of the first exploration well at the North-Obskiy license...
Colombia >>  10/9/2018 - Frontera Energy Corporation announced a light oil discovery from its Acorazado-1 exploration well on the 100% owned and operated Llanos-25 block in Co...

Mexico >>  10/9/2018 - Pemex CEO, Carlos Trevino, confirmed the discovery of seven reservoirs in two new wells in Mexico’s Southeast Basin, named Manik-101A and Mulach-1, wh...
Libya >>  10/8/2018 - Libya’s National Oil Corporation, BP and Eni signed an agreement expected to lead to Eni and BP working together to resume exploration activities on a...

Mozambique >>  10/8/2018 - The Mozambican government had signed oil exploration agreements with U.S. energy firm Exxon Mobil and Russia’s Rosneft. Mozambique’s National Petroleu...
Australia >>  10/5/2018 - Central Petroleum Limited, as Operator and 100% owner of Palm Valley Gas Field, announces that the Palm Valley 13 well (“PV13”), as of this morning, i...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

Oil & Gas Projects in Egypt >>

More News

 

Oil & Gas Companies in Egypt >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.