Apache's Egypt Discovery Flows at 17.4 MMcf/Day

Apache Corporation reported a flow rate of 17.4 million cubic feet (MMcf) of gas per day during testing of its Abu Sir-1X (Blue prospect) deepwater well on its West Mediterranean Concession offshore Egypt. It is Apache's ninth discovery worldwide in 2002.

The test was conducted on a 38/64-inch choke with 2,095 pounds per square inch of flowing tubing pressure. Perforations were between 6,620 feet and 6,724 feet in the Pliocene-age Kafir El Sheikh formation.

"We're very encouraged with the results thus far. This test was conducted over a 104-foot interval that represents the least prospective portion of the 311-foot potential gas pay column. The flow rate was restricted by equipment limitations and the unconsolidated nature of the reservoir, so we ran extensive pressure build-ups to establish the zone's productivity, calculating the absolute open flow potential at 90.4 MMcf per day," said Apache President and Chief Operating Officer G. Steven Farris. "Based on these results, we see no need to test the remaining pay."

Apache is the operator with a 55 percent contractor interest. RWE-DEA has a 28.333 percent interest and BP holds the remaining 16.667 percent.

The Abu Sir well was drilled to a total depth of 7,530 feet. It is located in 3,255 feet of water approximately 42 miles from shore.

"The West Mediterranean block has the best exploration potential of any play in Apache's worldwide inventory," Farris said. "We have now identified seven prospects and leads in the deepwater portion of the concession and have only scratched the surface on the 2.3 million acres in the concession.

"Deepwater drilling in this area is far less expensive than in the Gulf of Mexico and because of its relative proximity to shore, development costs will be lower. Our goal over the next 18 months is to prove up at least 3 trillion cubic feet of gross commercial gas reserves," he said. "We plan to drill on four additional structures this year."