Khalda to invest USD 800 mn in drilling in FY 2017-18

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.