Apache sees Egypt's Qasr field as world class

Qasr field in Egypt's western desert is one of the larger onshore hydrocarbon discoveries in the world in the last couple of years, said Apache Corp., Houston.It is also the largest onshore gas discovery in the company's history, said Apache CEO and President Steven Farris.Apache estimates it will ultimately recover 1-3 tcf of gas and 40-50 million bbl of condensate from Qasr, on the Khalda Offset concession (OGJ Online, Mar. 2, 2004). Apache operates Khalda with a 100% contractor interest.Khalda covers nearly 2 million acres about 250 miles west of Cairo. The complex contains 24 oil and gas fields that produce from 58 sandstone reservoir units in seven formations at 5,000-16,000 ...

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