Petroleum Africa
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Sunday, November 6, 2016
Drilling during Q3 for Apache Corp. in Egypt was a success; the company achieved a 90% success rate during the first nine-months of the year. The company reported that its optimized drilling program continued to provide benefits, allowing it to achieve its 90% success rate for wells drilled in the first three quarters.
The company placed nine wells on production during Q3. The Ptah-12 well in the Faghur Basin produced at a peak oil rate of over 2,800 bpd and the AG-100 in the Abu Gharadig Basin flowed at 1,953 boepd. In the Matruh Basin the Herunefer-2X and the Tango-S01 flowed at rates of 3,191 boepd and 34 Mmcfe/d, respectively.
Apache saw gross production averaging 350,000 boepd and net production, excluding noncontrolling interest and tax barrels, averaging 98,000 boepd out of Egypt.
It also reported that its Ptah and Berenice fields have produced a combined 17 million gross boe from only 14 wells in two years. Drilling costs in these two fields averaged $3.2 million per well.
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