Egypt

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

Shelf Drilling Clinches $51M Extension for Rig 141 in Gulf of Suez

Shelf Drilling, a leading entity in offshore rig operations, has recently announced a significant contract extension for its Rig 141, operating in the strategic Gulf of Suez, offshore Egypt.

Read More

El-Mulla: Natural gas plays key role in achieving SDGs

Minister of Petroleum and Mineral Resources Tarek el Moulla said natural gas plays an important role as a clean energy source in achieving the United Nations sustainable development goals (SDGs) and meeting the growing global needs of energy.

Read More

Egypt signs 7 green hydrogen deals worth a potential $40bn

Over $40 billion of green hydrogen and renewable energy investments could be on the way to Suez Canal Economic Zone after a host of new agreements.

Read More
Wintershall Deaneptune LogoSIEnppipetrojetTransGlobe SCHNEIDER-ELECTRIChempleEgypt gasNorthAlmansooriSKY CTS exxonmobilSchlumbergerhttps://www.shell.com/GascoCPCAlmansoori