Apache Makes New Discovery in Egypt with Ozoris-4 Well

Apache announced a new-field discovery in Egypt's greater Khalda Concession. The Ozoris-4 well encountered a 90-foot gross sand column with 67 net feet of pay in the Jurassic Upper Safa formation, testing at a daily rate of 29.4 million cubic feet (MMcf) of gas and 1,775 barrels of condensate on a one-inch choke with 1,790 pounds per square inch of flowing wellhead pressure. Perforations were in two zones between 12,828 feet and 12,860 feet and between 12,896 feet and 12,912 feet.

"This is the first productive Upper Safa sand encountered on the west side of the Khalda ridge," said G. Steven Farris, Apache's president and chief executive officer. "The discovery of stratigraphically trapped gas-condensate in Upper Safa sands in the Ozoris-4 opens up a large new play in the Shushan Basin, north of the Qasr high and west of the Khalda Ridge fields."

Ozoris-4 also encountered 171 net feet of oil and gas-condensate pay uphole in the Cretaceous Kharita and Alam El Bueib sands. In addition, the well penetrated approximately 100 feet of poorly developed Lower Safa reservoir, confirming the seismically defined northeastern limits of the Qasr field. Ozoris-4 has been temporarily shut in to allow production of oil encountered in the Alam El Bueib and Kharita reservoirs. The Upper Safa will be appraised by future Ozoris wells.

Ozoris-4 is located on the flank of the Qasr structure, 1.4 miles north of the Qasr-1X discovery well. Apache operates the Khalda Concession with a 100 percent contractor-interest.