New discoveries for Apache in Egypt's Western Desert

Apache_Egypt

Apache has reported finding two new wells in Egypt's Western Desert that signal continued drilling success in the Faghur Basin and on concessions acquired in 2010.

Latest discovery

The Tayim South 1-X well is the latest in a series of discoveries in the Faghur Basin based on Apache's interpretation of recently acquired 3-D seismic surveys across several of its concession areas, including the West Kalabsha Concession, where Apache owns a 100 per cent contractor interest.

"The Tayim South discovery is located along a prominent east-west fault trend that stretches nearly 25 miles, all within Apache-operated concession boundaries, and includes productive intervals in the AEB, Safa and Paleozoic formations," said Tom Voytovich, vice president of Apache's Egypt Region.

"We have drilled 13 exploratory tests along this trend during 2011, 11 of which were discoveries. We are planning five additional tests before year-end," Voytovich added.

Aggressive campaign

The AG-90 well was drilled as part of an aggressive campaign to develop oil reserves in the Abu Roash and Bahariya formations in the Abu Gharadig field.

The latest well encountered 189 feet of pay in six separate zones. It was completed with 18 feet of perforations from a total 84 net feet of oil pay in the Lower Bahariya and is currently producing 5,200 barrels of oil and 5 MMcf of gas per day.

"We believe there is a good opportunity to leverage existing processing and transportation infrastructure to maximize efficiency at the Abu Gharadig Field complex," Voytovich said.

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