Apache JV Khalda Petroleum will invest USD 800 mn in drilling 53 development wells and 38 exploratory wells in FY 2017-18, Al Mal reports.
Company 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 concessions.
Khalda makes eight new petroleum discoveries in FY2016/17
The Minister of Petroleum and Mineral Resources, Tarek El Molla, visited Khalda Petroleum’s concessions in the Western Desert, accompanied by the Ministry’s First Undersecretary for Oil and Gas Affairs, First Undersecretary for Agreements and Exploration, the Egyptian General Petroleum Corporation (EGPC)’s CEO and Vice Chairman, the Egyptian National Gas Holding Company (EGAS)’ CEO and Vice Chairman, and Apache’s CEO.
Khalda makes eight new petroleum discoveries in FY2016/17
The Minister of Petroleum and Mineral Resources, Tarek El Molla, visited Khalda Petroleum’s concessions in the Western Desert, accompanied by the Ministry’s First Undersecretary for Oil and Gas Affairs, First Undersecretary for Agreements and Exploration, the Egyptian General Petroleum Corporation (EGPC)’s CEO and Vice Chairman, the Egyptian National Gas Holding Company (EGAS)’ CEO and Vice Chairman, and Apache’s CEO.
