Oil Egypt accountACCOUNT King Tut

Apache Interested in Expanding Its Activities in Egypt

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

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).

Egypt >>  10/9/2018 - GE Power announced it won the contract to deliver the turbine island equipment for El Dabaa nuclear power plant project in Egypt through AAEM its join...
Egypt >>  10/8/2018 - WorleyParsons has been awarded a four years project management consultancy (PMC) contract for the new Assiut Hydrocracking Complex (AHC Project) in Eg...

Egypt >>  10/5/2018 - Egypt has signed an agreement with three banks to manage the sale of a 24 percent stake in state oil company Engineering for Petroleum and Process Ind...
Egypt >>  9/27/2018 - Noble Energy, Inc. has executed multiple agreements to support delivery of natural gas from the Leviathan and Tamar fields, offshore Israel, into Egyp...

Egypt >>  9/24/2018 - Egypt’s state oil company Engineering for Petroleum and Process Industries (ENPPI) signed a deal with the UK’s Wood Group for a technical and engineer...
Egypt >>  9/25/2014 - Egypt's state-run Egyptian General Petroleum Corporation (EGPC) declared that Egypt received a share of the foreign partner’s oil and gas revenues of ...

Related Categories: Camp Building  Cleaning Equipment, Services  Construction Contractors  Corrosion Products/Services  Diving Contractors  Exploration  Food Supplies  General  Labor Services  Maintenance and Repair  Offshore/Onshore Construction  Oil & Gas Companies  Pipeline Services  Safety Services  Service Companies  Skilled Labors  Subsea Production  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Water Supply Services  Welding Products/Services 

Related Articles: Construction Contractors  Exploration  General  Labor Services  Maintenance and Repair  Offshore/Onshore Construction  Oil & Gas Companies  Pipeline Services  Safety Services  Subsea Production 

More News

Oil & Gas Projects in Egypt >>

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us