Apache Makes Seven Oil, Gas Discoveries in Egypt

Apache Corp has reported seven oil and gas discoveries across the company's 9.7 million gross acres in Egypt's Western Desert.

These seven discoveries are located in four different geologic basins and six different concessions, Apache said.

One discovery - the Riviera SW-1X on the southern flank of the Abu Gharadig Basin — test-flowed 5,800 barrels of oil and 2.8 million cubic feet (MMcf) of gas per day from a Lower Bahariya sand with 24 feet of net pay.

Another - the Narmer-1X - is a stratigraphic trap that is separated from the Neilos oil field located five miles to the east.

Faghur Basin yielded four of the discoveries with one each in the Shushan, Matruh and Abu Gharadig basins. All seven discoveries have been tested and Riviera SW-1X is already producing