Apex to Drill 15 New Wells in Egypt

Published on : 2022-10-19

The CEO of Apex International Energy Company Roger Blank affirmed that his company is planning to drill 15 new wells in 2023, referring to the promising outlook in Egypt that motivates companies to increase exploration and production (E&P) activities.

This came during a meeting with Minister of Petroleum and Mineral Resources Tarek El Molla.

During their meeting, the two sides discussed Apex’s activities in its concession area at Meleha in the Western Desert as well as its achievements since starting operation in Egypt in 2016, which included achieving an average production rate of 8,000 barrels per day (b/d) of oil.

El Molla confirmed the importance of pumping investments in the E&P activities and developing the fields to increase production and provide stable supplies.

The minister also praised Apex’s programs and plans in Egypt which are considered some of the successful models in the oil and gas industry. He stated that Egypt has promising opportunities to explore more petroleum resources.

Related Articles

Abu Qir launches a new company with EGP10 billion investments

Abu Qir Fertilizers established a new company named North Abu Qir for Agricultural Nutrients, with an authorized capital of LE 10 billion and paid-up capital of LE 1 billion.

Read More

Egypt: Abo Qir unveils new venture at $323mln authorised capital

Both Abu Qir Fertilizers and Egyptian General Petroleum Corporation will hold a 45% stake in the venture

Read More

Egypt Gas posts 23.6% YoY growth in Q1 net profits

Established in 1983, the company is engaged in the design, installation, operation, and maintenance of natural gas distribution networks

Read More
Wintershall Deaneptune LogoSIEnppipetrojetTransGlobe SCHNEIDER-ELECTRIChempleEgypt gasNorthAlmansooriSKY CTS exxonmobilSchlumberger