Incremental production from several Faghur Basin discoveries, including Phiops, pushed output from the basin above 26,000 barrels per day after completing new Kalabsha processing and transportation facilities.
Apache invested $4.2bn in exploration, development and facilities to achieve the production goal of doubling output. The company also discovered 57 new fields, drilled 869 new wells, acquired 3.8 million acres (17,300sqkm) of 3-D seismic, designed and constructed gathering facilities and two new gas processing trains for Qasr Field gas production, and installed a strategic gas pipeline compression project on Egypt’s northern gas pipeline.
Steven Farris, chairman and CEO of Apache, said: “Apache’s course in Egypt was set in 2003 when the Qasr Field was discovered. As our success continued and the magnitude of the opportunities in the Western Desert became clear, 2X was conceived to encourage our Egyptian partners to assist us in ramping up activity and getting the resources needed to expand operations across the Western Desert.”
Apache also recently completed the Phiops nine well, which tested at rates of 4,632 barrels of oil per day from the Alam El Bueib-3E (AEB-3E) formation.
