VOL. XLIV

No. 25

18-June-2001

EGYPT

Apache Announces New Gas/Condensate Discovery In Ras El-Hekma Concession

Apache Corporation of US, which holds a 90% interest the Ras El-Hekma concession and the Khalda Offset concession in Egypts Western Desert with Australias Novus Petroleum Ltd (10%), has announced a new discovery with the Ras El-Hekma 2X exploration well, which tested gas at a stabilized rate of 11.5mn cu ft/day and condensate at a rate of 2,120 b/d from two zones in the Lower Cretaceous...