New production from Apache’s Faghur Basin fields has propelled the company’s Egyptian gross-operated oil and gas production above 330,000 bbl of oil equivalent/day. This surpassed the goal Apache set in late 2005 of doubling output from Egypt’s Western Desert within five years. In 2005, Apache’s gross-operated production totaled 109,000 bbl/day oil and 325 million cu ft/day of gas. Current production totals 195,000 bbl/day of oil and 810 million cu ft/day of gas; this adds up to more than 330,000 bbl/day of oil equivalent, exceeding the goal of 326,076 bbl/day of oil equivalent.
Incremental production from several Faghur Basin discoveries pushed output from the basin above 26,000 bbl/day following the completion of new Kalabsha processing and transportation facilities.
To reach its goal, Apache invested $4.2 billion in exploration, development and facilities. During this process, the company also:
- Discovered 57 new fields;
- Drilled 869 new wells;
- Acquired 3.8 million of 3-D seismic;
- Designed and constructed gathering facilities and two new gas-processing trains for Qasr Field gas production;
- Installed a major strategic gas pipeline compression project on Egypt’s northern gas pipeline;
- Built a third processing train at the Qarun Concession;
- Implemented 13 waterflood secondary oil recovery projects; and
- Completed the first phase of Kalabsha facilities in the Faghur Basin.
Apache also recently completed the Phiops 9 well in the Faghur Basin, which tested at rates of 4,632 bbl of oil/day from the Alam El Bueib-3E formation.