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Wednesday, May 30, 2018
Apex International Energy awarded a contract to acquire 1,000 sq km of 3D seismic data in the Southeast Meleiha Concession to BGP International Egypt. The Southeast Meleiha concession is located in Egypt’s Western Desert and covers approximately 2,535 sq km.
Additionally, recent tender awards have been made to Weir, Vallourec Oil and Gas France, Soconord S.A., and Tenaris Global Services S.A. for the purchase of wellheads, well casing and tubing to support the upcoming drilling program.
This work is part of the bid commitment Apex made to invest a minimum of $27.4 million during the first exploration phase to perform detailed geological studies, acquire and process 3D seismic, and drill six exploratory wells.
“These contract awards represent an important step in building Apex into an upstream company of scale in Egypt,” said Roger Plank, Apex international Founder and CEO. “The exploration potential on our two concessions is considerable, and we are eager to start operations later this year. We started re-processing existing 3D seismic at West Badr el Din Concession in December 2017 to identify drillable prospects. At Southeast Meleiha Concession we will commence 3D seismic acquisition operations in the fourth quarter. We expect to begin drilling the first of six exploration wells before year end. We thank the Ministry of Petroleum and EGPC for their continued support and partnership in advancing our exploration program. Egypt is a very attractive place to explore and we look forward to working together to tap its considerable hydrocarbon potential.”
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