Apache grows through strategic acquisitions, contrarian philosophy

This article is part of a management-issues special report, Oil Companies: Large and Small, that continues on p. 64. Apache Corp.'s international exploration program advanced greatly after making four oil and gas discoveries in various concessions in Egypt. The Salam North 7X exploratory well, shown, was drilled in Egypt's Western Desert on the Khalda concession. On test, the well flowed 18.2 MMcfd of gas and 1,233 b/d of liquid hydrocarbons from two zones. Photo courtesy of Apache.Click here to enlarge imageApache Corp. has reached a critical mass as of late, metamorphosing into a "superindependent" through a succession of carefully selected and acquired assets located in or nea...

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