Egypt Upstream Output Set To Fall Further In 2024 As Zohr Slump Continues

...ames the underperformance on an inability to secure sufficient workover rigs. This saw activity fall behind the firm’s plans, with output further hit by “early-life ESP failures in new high-rate wells.”  Apache’s rig count averaged 17 last year, the highest since 2014. Apache is guiding for 13-15 rigs th...