Apache Extends Drilling Success in Egypt's Faghur Basin
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Started by: abarrelfullabarrelfull
Date: 19 Aug 2010 05:54
Number of posts: 1
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Tests from two discoveries and appraisal well total 8,855 barrels of oil, 4.9 MMcf of gas per day HOUSTON, Aug 18, 2010 /PRNewswire via COMTEX News Network/ -- Apache Corporation (NYSE, Nasdaq: APA) today reported two new oil discoveries and a significant appraisal in the Faghur Basin in the far southwest of Egypt's Western Desert oil and gas province. The Pepi-1X, drilled approximately 6 miles (10 km) south of Apache's Phiops Field, test-flowed at 4,216 barrels of oil and 4.9 million cubic feet (MMcf) of gas per day from a 68-foot gross interval in the Lower Safa formation. The Buchis South-1X, also about 6 miles south of Phiops, logged 131 feet of pay in several Cretaceous zones, including the Kharita and Alam El Buieb (AEB) sands. A test in one AEB zone flowed 1,647 barrels of oil per day. The Faghur-8X step-out appraisal extended the Faghur Field by 1.6 miles (2.7 km) to the east. The well logged 79 feet of stacked Cretaceous pay in multiple AEB sands. A well test in one
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