Egypt

Apex Discusses New Expansion Plans After Drilling 13 Wells in Egypt

Published on : 2024-07-29

Engineer Kareem Badawy, Minister of Petroleum and Mineral Resources, discussed with Tom Maher, President of Apex, the company's activities in Egypt and future plans. Apex aims to expand operations and intensify exploration and production.

Badawy emphasized the priority of increasing production, meeting local market needs, and reducing import pressure. He highlighted the importance of collaborative efforts and advanced technologies in boosting production and reserves. He praised Apex's success in increasing output from mature fields.

Maher outlined Apex's expansion plans, mentioning that the company has drilled 13 wells in the Western Desert and plans to invest further. Apex operates in Southeast Meleiha, Ras Qattara, East Obayed, Southwest Meleiha, and East Siwa.

The meeting was attended by Geologist Alaa El-Batal, CEO of the Egyptian General Petroleum Corporation, Engineer Samir Raslan, Undersecretary for Agreements and Exploration, and Engineer Ahmed Mostafa, Undersecretary for Production.

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