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.

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The event was attended by Eng. Mohamed Hassan Kandil, Chairman and Managing Director, senior executives, managers, and a large number of employees, along with the outstanding sons and daughters of Egypt Gas.

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The Minister stressed the importance of expediting the implementation of strategic projects, particularly the ozoris and Atoll fields, and connecting their production to the national grid, reaffirming the Ministry’s full support for this direction.