The Apache Oil Company is trying to acquire a large number of new areas in Egypt to search and explore for oil, particularly after its work in the Western Desert.
Egyptian Minister of Petroleum Tarek al-Mulla on Monday discussed the company’s activities in Egypt and its current programs and plans to increase the volume of its work in the research, exploration and production of oil and gas in its concession areas in the Western Desert.
Mulla said that Apache has been operating in Egypt for more than 25 years in the Western Desert and has achieved remarkable successes, making it the largest oil producer in Egypt.
Apache stressed that there are many opportunities available to achieve new discoveries in light of the potential of the Western Desert region and the availability of modern technologies and new drilling methods.
The company added this increases its desire to obtain new concession areas with high oil potential that will contribute to achieving its plans to increase production rates during the next period.
Mulla said that Apache is an important partner for the petroleum sector, and that there is coordination between the petroleum sector and oil company to continue pumping more investments and drill more wells to achieve a common goal – which is increasing production rates in the interest of both parties.
He also touched on expanding the use of advanced technologies and digital transformation, which will improve the efficiency of operations and reduce production costs.