Apache Corp. reported two oil discoveries in Egypt's Western Desert near
the border with Libya. The Houston, Texas-based firm said the discoveries
took place in the Jurassic project, located in the Faghur basin, Middle East Newsline reported.
"The Faghur basin continues to be a successful focus area for Apache,
with prolific oil and gas production from the AEB, Safa, and Paleozoic
reservoirs that demonstrates the multiple-pay potential of this area of the
Western Desert," Apache vice president Tom Voytovich said.
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Executives said Faghur 1X was flowing at a rate of 6,671 barrels of oil
and 2.76 million cubic feet of natural gas per day. Apache has been drilling
11 exploratory wells in Faghur — nine of them which yielded energy
reserves — in 2011.