Middle East Economic Survey


No 34



Apache Makes Two New Oil Discoveries In Western Desert

Apache Corporation on 18 August announced two new oil discoveries in Egypts Faghur Basin in the Western Desert and a positive appraisal of another well. Apache reported that the Pepi-1X well, drilled 10km south of the Phiops Field, flowed 4,216 b/d of crude oil and 4.9mn cfd of associated gas on test from a 68ft gross interval in the Lower Safa formation. The Buchis South-1X well,...