VOL. XLV

No 49

9-December-2002

EGYPT

Apache Makes New Deepwater Gas/Oil Find In Nile Delta

Apache Corporation announced on 27 November its fourth deepwater gas discovery on the 2.3mn acre West Mediterranean Concession offshore Egypts Nile Delta. The El King-1X found not only significant gas reserves in both the primary objective Miocene-age formation and the secondary Pliocene objective but also the first Miocene deepwater oil in the Nile Delta, the company said in a statement. Apache President...