VOL. XL

No. 13

31-March-1997

EGYPT

Apache And Seagull Plan Major Drilling Program In 1997

The Houston-based Apache Corporation and Seagull EnergyCorporation are planning a major drilling program in Egypt in 1997. This was announced byApache in Houston on 14 March, following a meeting in Chicago the previous day between thechairmen of the two companies - Mr. Raymond Plank of Apache and Mr. Barry Galt of Seagull- and visiting Egyptian President Husni Mubarak. Apache plans to spend $150-200mn...