Apache confirms Egyptian discovery on Khalda Offset concession

Repsol Exploracion, a unit of Repsol-YPF SA, and its partners have applied for a declaration of commerciality for the Khalda Offset concession in Egypt. Concession partner Apache Corp. said the Neith South 3X well confirmed the 2,634 b/d 1X discovery from earlier this year.


Repsol Exploracion, a unit of Repsol-YPF SA, and its partners have applied for a declaration of commerciality for the Khalda Offset concession in Egypt.

Concession partner Apache Corp. said the Neith South 3X well confirmed the 2,634 b/d 1X discovery from earlier this year. The Neith South-3X appraisal well tested at 1,170 b/d of 44˚-gravity crude and 1.3 MMcfd of gas on a 2-in. choke with 100 psi of flowing tubing pressure (OGJ Online, Nov. 30, 2000).

Apache said once the declaration is granted, it can begin recouping the $40 million it has spent on the Khalda Offset from existing production on the adjacent Khalda concession.

The 1.575 million-acre Khalda Offset concession is 267 miles west of Cairo. It is adjacent to the Khalda concession, which produces 43,000 b/d of oil and condensate and 200 MMcfd of gas.

Repsol operates the Khalda offset concession with 50%; Apache holds 40%; and Novus Petroleum Ltd., 10%.

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