{"id":651685,"date":"2017-02-19T04:06:19","date_gmt":"2017-02-19T04:06:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/egypt-needs-to-ditch-the-jv-system-for-oil-and-gas-producers-apaches-regional-vp-says\/"},"modified":"2017-02-19T04:06:19","modified_gmt":"2017-02-19T04:06:19","slug":"egypt-needs-to-ditch-the-jv-system-for-oil-and-gas-producers-apaches-regional-vp-says","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/egypt-needs-to-ditch-the-jv-system-for-oil-and-gas-producers-apaches-regional-vp-says\/","title":{"rendered":"Egypt needs to ditch the JV system for oil and gas producers, Apache\u2019s regional VP says"},"content":{"rendered":"

<\/a> Egypt\u2019s oil and gas sector needs a 21st century revamp<\/strong>, James House, senior regional vice president of Apache told Platts<\/a>. The country needs to rethink its JV model, which, he says \"tethered\" in various ways to state agencies, was a \"limiter\" to progress, and welcomed a recent initiative by the Oil Ministry to look at updating the model. He says the \u201ccurrent way of doing business serves to block \u2018tough decisions,\u2019 and \u2018younger minds\u2019 are needed in the industry, he said, adding that more \u2018external resources\u2019 would also be helpful in the modernization process.\u201d House also said Apache was going to increase its capital spending in Egypt this year from last year's level of USD 300 mn and that the company could add another rig to its current fleet of 12. He added that Apache will remain focused on the onshore in Egypt, saying \u201cwe've got plenty of opportunities onshore to pursue \u2026 It's about staying true to form and playing within your strengths. We're the biggest acreage holder in the Western Desert and we've learned a few things over two decades and so we've picked up two concessions that we felt like we could add a lot of value to.\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s oil and gas sector needs a 21st century revamp, James House, senior regional vice president of Apache told Platts. The country needs to rethink its JV model, which, he says \"tethered\" in various ways to state agencies, was a \"limiter\" to progress, and welcomed a recent initiative by the Oil Ministry to look at […]<\/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-651685","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7daa931e-d9d0-4c19-ae2e-87dcab762aa3","order":"0","is_powered_by":true,"section_story_id":"961f101b-8983-498f-a1d3-3af80098627d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[651672],"teaser":"","voice_url":""},"yoast_head":"\nEgypt needs to ditch the JV system for oil and gas producers, Apache\u2019s regional VP says - 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\/2017\/02\/19\/egypt-needs-to-ditch-the-jv-system-for-oil-and-gas-producers-apaches-regional-vp-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt needs to ditch the JV system for oil and gas producers, Apache\u2019s regional VP says\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s oil and gas sector needs a 21st century revamp, James House, senior regional vice president of Apache told Platts. The country needs to rethink its JV model, which, he says "tethered" in various ways to state agencies, was a "limiter" to progress, and welcomed a recent initiative by the Oil Ministry to look at […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/egypt-needs-to-ditch-the-jv-system-for-oil-and-gas-producers-apaches-regional-vp-says\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-19T04:06:19+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/egypt-needs-to-ditch-the-jv-system-for-oil-and-gas-producers-apaches-regional-vp-says\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/egypt-needs-to-ditch-the-jv-system-for-oil-and-gas-producers-apaches-regional-vp-says\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt needs to ditch the JV system for oil and gas producers, Apache\u2019s regional VP says\",\"datePublished\":\"2017-02-19T04:06:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/egypt-needs-to-ditch-the-jv-system-for-oil-and-gas-producers-apaches-regional-vp-says\/\"},\"wordCount\":222,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/egypt-needs-to-ditch-the-jv-system-for-oil-and-gas-producers-apaches-regional-vp-says\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/egypt-needs-to-ditch-the-jv-system-for-oil-and-gas-producers-apaches-regional-vp-says\/\",\"name\":\"Egypt needs to ditch the JV system for oil and gas producers, Apache\u2019s regional VP says - 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