Exhibitor Details

Apache Egypt Companies
Stand: 3B40

11 st 281, New Maadi Cairo
  • Company profile
Established in 1954, Apache Corporation is a global independent oil and gas exploration and production company with operations in the United States, Egypt, United Kingdom and Suriname. Apache is the No. 1 oil producer in Egypt and the largest U.S. investor with investment of $US 1 billion in 2018. Over the last 23 years Apache has developed one of the largest acreage holdings in Egypt with 6.1 million gross acres in 24 separate concessions. As of August 2018, Apache operated 12 drilling rigs and 18 workover rigs across Its assets in Egypt. In mid-2017, Apache initiated a large, continuous broadband 3-D seismic survey program to support development of its existing acreage and exploration of new concessions. The program will provide newer vintage, higher resolution imaging of the substrata across Apache’s Western Desert position, allowing Apache to build and high-grade its drilling inventory. Since its merger with Phoenix Resources in 1996, Apache has invested approximately $20 billion in Egypt, cementing their position as the largest U.S. investor and the largest producer of oil and condensate. Apache continues to focus efforts on developing a strong bi-lateral relationship between the US and Egypt, the largest Arab country in the world.
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