Exploration

Apache to drill 20 horizontal gas wells in Egypt’s Apollonia field

Thursday, 15 December 2016 10:28

Apache plans to invest $100 million in horizontal drilling of 20 wells in the Apollonia field located in the Egyptian Western Desert so as to produce around 40Mmcf/d of gas from limestone. The US energy company intends to advance with the investments once trails on vertical wells prove successful.

According to Khalda Petroleum’s CEO, Mohamed Abdel Azzim, Apache and Shell, together with the Egyptian General Petroleum Corporation (EGPC), have entered into an agreement to explore for gas from the limestone in Apollonia in the Western Desert.
Azzim noted that the company so far has expended $24 million on exploration and testing for the drilling of 3 vertical wells and linking them to facilities. In addition, the company is at present getting ready for the second well with hydraulic fracturing technology to be brought online by early January 2017.

Apache before now had completed the drilling of 2 horizontal wells with total investments at $7million. The aim of these wells was to take samples to study the nature of the tank which will assist in determining the suitable drilling and hydraulic fracturing programs. Furthermore, the company drilled 2 vertical wells in Apollonia with investments worth $14m.

Khalda Petroleum finished the drilling of the first vertical well in July 2016 with a production capacity 6.5mcf/d of gas. The well’s production increased to 680mcf/d of gas in October this year as a result of the usage of the hydraulic fracturing technology, Egypt Oil & Gas reports.

Anita Fatunji

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.