Apache Corporation has reported seven oil and gas discoveries in four different geological basins and six different concessions, south of the Mediterranean sea in Egypt's onshore Western Desert. All seven finds have been tested with one of them already producing, the company reported in a statement. These seven finds "are located in basins and acreages that highlight the geological and geographic diversity across the company's 9.7 million gross acres", says Thomas M. Maher, Egypt Region Vice President and General Manager.
"The well is currently online and producing at restricted rates of 2,000 barrels of oil per day while gas rates continue to be monitored. Drilling and completion costs for the well were $5 million. Apache has a 100 percent contractor interest in the WD 30 Development Lease", he further stated.
Development lease applications have been submitted to the Egyptian General Petroleum Company (EGPC) for both of these future producers.
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