Apache Makes Another Gas Discovery in Egypt

Apache announced a new discovery on its Ras El Hekma Concession 18 miles northeast of the company's prolific Khalda Concession. The Emerald-1X flowed at a rate of 4,285 barrels of condensate and 16.9 million cubic feet of gas per day on a one-inch choke with 1,311 pounds per square inch of flowing wellhead pressure.

The discovery logged a total of 218 feet of net pay in multiple Alem El Bueib (AEB) reservoirs. There were 184 feet of net pay in the AEB 5A, 5B and AEB 6 reservoirs with no observed water contact.

The Emerald-1X tested a 1,200-acre structure and perforated 34 net feet of pay in the AEB 6 sand in two intervals between 11,848 feet and 11,892 feet.

"Our improved understanding of the Tarek-Ras El Hekma fault trend offers great potential," said Rodney J. Eichler, Apache's regional vice president and general manager in Egypt. "We have just found AEB sands 180-200 feet up-dip of any previous penetrations, and we have flow rates from the AEB 6 that are the highest ever recorded from that Ras El Hekma reservoir."

At shallower depths between 10,010 feet and 11,644 feet, the Emerald-1X logged 88 feet of gas/condensate pay in the AEB 5B sand and 19 feet of oil pay in the AEB 3E sand. The well was drilled to a total depth of 12,440 feet. Apache is the operator with a 100 percent contractor interest.

New 3-D seismic interpretation indicates the discovery has significant development and delineation potential, which Apache plans to test with a second well, the Emerald-2X.

The well is Apache's 11th discovery in Egypt and 16th discovery worldwide this year. It is expected to be on production by year-end with gas and condensate going to the Tarek Field gas plant.