Apache Corporation plans to begin drilling three out of seven planned wells in the Western Desert by the end of 2018, Oil Ministry sources tell Al Shorouk. The company expects the wells to produce an initial 5,000 bopd. The EGPC had signed last week a USD 9 mn oil and gas exploration agreement with Apache in the Western Desert, which also included a USD 30 mn bonus to drill seven wells in the area.
More from Enterprise
CIB’s 3Q net income falls 17% y-o-y, 9M core earnings grow 18%
Here are the stories driving the day, both at home…
Africa’s own credit rating agency plans its first rating by March 2027, and our central bank has long backed it
Its early value lies in 22 sovereigns nobody rates, and…
EGX’s newest investors meet their first selloff
Heavy borrowing, margin calls, and looming repayments could make a…