Apache Continues Busy Schedule in Egypt

Friday, May 6, 2016

Over Q1 2016 Apache Corp. continued its busy schedule in Egypt. The company saw 10 rigs working on average during the quarter and it maintained a gross production of 353,000 boepd.

Excluding non-controlling interest and tax barrels, net production was up slightly from the previous quarter to 103,000 boepd.

Apache placed 23 wells on production and achieved a drilling success rate of 88% during the quarter.

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