By Mohammed Jetutu, in Cairo
Khalda Petroleum Company, the joint venture between the American independent Apache (APA Corp.) and the Egyptian General Petroleum Corporation (EGPC), has announced a new oil discovery in West Fewebs-1 in the Kalabsha Development Area of the Egyptian Western Desert.
The well “was tested by drilling 270 feet into the Paleozoic sands, and the recovery on a 1-inch production opening was 7,165 barrels of oil and 23Million cubic feet of associated gas per day”, Khalda says in a release. The oil is light, with API gravity of 44 degrees.
“Electrical logs of the well confirmed the presence of hydrocarbon indications in the Paleozoic component with a total net thickness of 462 feet”, the statement explains.
Apache hadn’t focused much on expectations from this exploratory drilling in its 1st Half 2024 operations report. While the company talked of “rebalancing our drilling and workover rig programmes in Egypt”, it was more concerned with field optimisation. “We benefitted from newly implemented water injection initiatives on our base production and redirected workover rig capacity to opportunities on recompletions and offline volumes”.
The discovery, then, is a bonus.
