Wednesday, December 14, 2016

Apache to drill 20 horizontal natural gas wells for USD 100 mn - ENTERPRISE

Wednesday, 14 December 2016

Apache intends to spend USD 100 mn for horizontal drilling on 20 wells in the Apollonia [formations] in the Western Desert, Al Borsa reports. If successful, the vertical wells are expected to produce around 40 mcf/d from limestone. Apache has spent USD 24 mn so far on exploration and testing in the Apollonia field and expects to bring the second of three other wells online early next month.