VOL. XLVII
No 18
03-May-2004
EGYPT
Apache Signs Gas Sales Agreement With EGPC For 2.1 TCF From Qasr Field
Apache Corporation announced on 22 April it had signed a Gas Sales Agreement (GSA) with the Egyptian General Petroleum Corporation (EGPC) covering 2.1 tcf of natural gas from the Qasr field on Apaches 100%-owned Khalda Concession in Egypts Western Desert.Total revenue to both parties under the 25-year agreement, net of estimated development and infrastructure costs, is approximately $5.5bn....
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