{"id":631649,"date":"2018-03-25T04:11:26","date_gmt":"2018-03-25T04:11:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/25\/apache-to-drill-50-new-wells-in-egypt-next-fiscal-year-egas-and-eni-trying-to-speed-up-zohr-production-schedule\/"},"modified":"2018-03-25T04:11:26","modified_gmt":"2018-03-25T04:11:26","slug":"apache-to-drill-50-new-wells-in-egypt-next-fiscal-year-egas-and-eni-trying-to-speed-up-zohr-production-schedule","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/25\/apache-to-drill-50-new-wells-in-egypt-next-fiscal-year-egas-and-eni-trying-to-speed-up-zohr-production-schedule\/","title":{"rendered":"Apache to drill 50 new wells in Egypt next fiscal year, EGAS and Eni trying to speed up Zohr production schedule"},"content":{"rendered":"

<\/a> Apache is planning on drilling 50 new exploratory wells in Egypt in the coming fiscal year<\/strong> through its Qaroun and Khalda Petroleum subsidiaries, both JVs with EGPC, Apache CEO John Christmann said on Thursday, according to a report in state-owned Ahram Gate<\/a>. Christmann said he expects the sector<\/a> to \u201cwitness a boom\u201d in FY2018-19. Apache\u2019s Khalda had signed a USD 20 mn agreement with the EGPC back in December<\/a> to begin exploration activities in the Western Desert\u2019s Alam El Shawish concession. Apache and Merlon had also signed USD 79 mn-worth of Western Desert exploration agreements with the Oil Ministry in August last year<\/a>.<\/p>\n

Separately, EGAS and Eni are planning to bring production at Zohr to maximum capacity ahead of schedule. <\/strong>The two companies are working hard to have the supergiant East-Mediterranean gas field<\/a> pumping out its full capacity of 2.7 bcf\/d ahead of its slated end-2019 deadline, sources close to the matter tell Al Shorouk<\/a>, adding that output from Zohr \u2014 which is expected to help Egypt reach natural gas self-sufficiency and become a net exporter of LNG \u2014 should also rise to 700 mcf\/d, from a current 350 mcf\/d, by May instead of June.<\/p>\n","protected":false},"excerpt":{"rendered":"

Apache is planning on drilling 50 new exploratory wells in Egypt in the coming fiscal year through its Qaroun and Khalda Petroleum subsidiaries, both JVs with EGPC, Apache CEO John Christmann said on Thursday, according to a report in state-owned Ahram Gate. Christmann said he expects the sector to \u201cwitness a boom\u201d in FY2018-19. Apache\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631649","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"db97e7c8-566e-479e-89e4-c3f1616fd789","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[631644],"teaser":"","voice_url":""},"yoast_head":"\nApache to drill 50 new wells in Egypt next fiscal year, EGAS and Eni trying to speed up Zohr production schedule - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/25\/apache-to-drill-50-new-wells-in-egypt-next-fiscal-year-egas-and-eni-trying-to-speed-up-zohr-production-schedule\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apache to drill 50 new wells in Egypt next fiscal year, EGAS and Eni trying to speed up Zohr production schedule\" \/>\n<meta property=\"og:description\" content=\"Apache is planning on drilling 50 new exploratory wells in Egypt in the coming fiscal year through its Qaroun and Khalda Petroleum subsidiaries, both JVs with EGPC, Apache CEO John Christmann said on Thursday, according to a report in state-owned Ahram Gate. 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Apache is already eyeing new opportunities\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627098,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/egpc-signs-usd-9-mn-oil-and-gas-ep-agreement-with-apache-corporation\/","url_meta":{"origin":631649,"position":2},"title":"EGPC signs USD 9 mn oil and gas E&P agreement with Apache Corporation","author":"enterpriseam admin","date":"19 July 2018","format":false,"excerpt":"The EGPC signed yesterday a USD 9 mn oil and gas exploration and production agreement with the Apache Corporation in the Western Desert, the Oil Ministry announced in a statement. 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