Apache strikes oil and gas in Egypt's Western Desert
(Cairo, Egypt-AP) -- Apache Corporation of Houston has found oil in a well in Egypt's Western Desert.<br>The company says today's find may enable the company to begin recouping some of the 27-point-five
Wednesday, February 16th 2000, 12:00 am
By: News On 6
(Cairo, Egypt-AP) -- Apache Corporation of Houston has found oil in a well in Egypt's Western Desert. The company says today's find may enable the company to begin recouping some of the 27-point-five (m) million dollars it has invested in a nearly two (m) million acre concession in the area.
The company plans to drill more than 30 exploration wells this year, well over the half-dozen drilled last year.
Sixteen of those will be in the Western Desert.
Apache Corporation operates in the United States, Canada, Egypt, Australia, Poland and China.
Get The Daily Update!
Be among the first to get breaking news, weather, and general news updates from News on 6 delivered right to your inbox!