MOBILE DEVICES
Free Headline Alerts     
Worldwide Web WorldTribune.com

  breaking... 


Tuesday, June 22, 2010     GET REAL

Egypt prepares for more drilling in Western Desert

CAIRO — Egypt has been bracing for intensified drilling in the Western Desert.

ShareThis

The U.S. contractor, Apache Corp., has determined major prospects in Egypt's Western Desert under a project termed 2X.

Apache has launched efforts to drill at 220 wells in the area, a significant increase from 2009, when 164 wells were developed.


Also In This Edition


"As our success continued and the magnitude of the opportunities in the Western Desert became clear, 2X was conceived to encourage our Egyptian partners to assist us in ramping up activity and getting the resources needed to expand operations across the Western Desert," Apache chairman Steven Farris said.

Apache, with 22 concessions, said it would drill more than 50 exploratory wells. The company is producing 195,000 barrels per day, 27 percent of Egypt's total daily crude oil output.



About Us     l    Contact Us     l    Geostrategy-Direct.com     l    East-Asia-Intel.com
Copyright © 2010    East West Services, Inc.    All rights reserved.