Apex to start exploration drilling on Western Desert concessions in 4Q2018

Apex International Energy plans to begin exploration drilling on the West Badr El Din and South East Meleiha concessions in the Western Desert in 4Q2018, the company said in a press release. Apex held a seismic exploration tender at the concessions, awarding some USD 15 mn in exploration contracts to Weir, Vallourec Oil, Soconord, BGP International Egypt and Tenaris Global Services. “This work is part of the bid commitment Apex made to invest a minimum of USD 27.4 mn during the first exploration phase to perform detailed geological studies, acquire and process 3D seismic, and drill six exploratory wells,” the firm said. Apex had won the exploration rights for the West Badr El Din concession last year.