Khalda Petroleum Company achieved a new gas discovery in the Western Desert after drilling the Jumana-1 exploratory well.

Khalda Petroleum Company has managed to reduce oil well drilling time and save $18 million in a year and a half, the Ministry of Petroleum and Mineral Resources announced.

The US company Apache will launch an intensive drilling program in Egypt’s Western Desert in March, aiming to add 80 million cubic feet of natural gas per day to its production with investments exceeding $60 million.

Karim Badawi, Minister of Petroleum and Mineral Resources has reviewed US-based energy firm Apache Corporation’s plans to drill new wells in the Western Desert

Apache Corporation plans to raise its natural gas output in Egypt by 11% during the current fiscal year (FY) 2024/2025, targeting a daily production of 500 million cubic feet.

Egypt is turning to the Italian energy giant Eni and the American company Apache to boost its natural gas production, aiming for self-sufficiency once again.

Minister of Petroleum and Mineral Resources Karim Badawi held a bilateral discussion with John Christmann, CEO of the US-based Apache Company, and his delegation in New Alamein City.

The US-based energy firm Apache Corporation is planning to invest $1.4 billion in the Egyptian market in 2024.