VOL.XLI

No.05

2-February-1998

EGYPT

Apache's And Seagull's Shares Of 1997 Egyptian Oil And Gas Output

In statements about their 1997 operations, both Apache Corporation and Seagull EnergyCorporation of Houston have given estimates of their shares of Egyptian oil and gasproduction for the year. In both cases, their outputs in 1997 showed considerableincreases over 1996, but their realized average prices dropped. These trends are shown inthe table below:

Apache

1997

1996

Oil Output (b/d)

...