US Apache Corporation Expands Egyptian Gas Production Capacity
US hydrocarbon exploration company Apache Corporation will add 40 million cubic feet of natural gas per day to its production capacity in Egypt this month by drilling three new wells in its Western Desert concession areas. The cost of drilling the three wells, which are rich in crude oil and natural gas, is estimated at $25 million.
In December, Apache connected five new wells to the national natural gas grid, adding a production capacity of 65 million cubic feet of gas per day. The company is currently focusing its Egyptian operations on Western Desert oil and gas concessions through a joint venture with the state-owned Egyptian General Petroleum Corporation. The expansion demonstrates Apache’s continued commitment to developing Egypt’s hydrocarbon resources and increasing production from existing concession areas.
Source: trendsnafrica.com
