Apache Announces New Fault Block Discovery on Khalda Concession

Apache Corporation has announced a new-fault-block discovery on Egypt's Khalda Concession which tested at a rate of 29.2 million cubic feet (MMcf) of gas and 781 barrels of condensate per day. The well is Apache's eighth discovery in Egypt and 12th discovery worldwide this year.

The Tut 52 was drilled to extend the limits of the Khatatba reservoir on the southern flank of the Tut Field. In addition to the Khatatba pay, the well logged 89 feet of new pay in the Alam El Bueib (AEB) 5A and 5B sands between 8,940 feet and 10,550 feet -- the first time those sands have been identified as pay zones in the Tut field. Another well will be drilled nearby to test the AEB sands.

The well was tested on a one-inch choke with 1,475 pounds per square inch (psi) of flowing wellhead pressure. It was perforated in 140 net feet of pay in four Khatatba zones between 11,774 feet and 12,216 feet. The well also logged 35 feet of potential pay in the Upper and Lower Bahariya between 5,900 feet and 6,040 feet.

The well is expected to be brought on production in August upon completion of a 4.2-mile pipeline connecting the well to the Salam gas plant. The initial completion will be in the deepest and thickest of the four Khatatba zones.

Apache has a 100 percent contractor interest in the 2.3-million-acre Khalda Concession.

Apache also announced that the Qarun 27 well in the Qarun Concession tested at a daily rate of 1,800 barrels of oil per day from six zones of the Lower Bahariya formation. The Qarun 27, an infill development well, was drilled to a total depth of 9,644 feet and tested on a two-inch choke. Apache has a 75 percent interest in the concession.