Apex International Energy said Dec. 2 it was awarded blocks 8 and 9 in the Abu Gharadig Basin in Egypt's Western Desert by the Egyptian General Petroleum Co. (EGPC) from its 2016 bid round.
Block 8 West Badr el Din and Block 9 South East Meleiha cover 6,714 square kilometers (2,592 square miles or 1.7 million acres) in total.
Apex will invest $27.4 million during the first exploration phase to acquire and process 3-D seismic and drill six exploration wells.
Thomas M. Maher, president and COO, said the company will work with EGPC and Egypt’s Ministry of Petroleum to finalize the concession agreements.
Roger B. Plank, Apex International’s founder and CEO, said the company wants to build an oil and gas business of scale in Egypt.
Apex International Energy Management is based in Houston.
Recommended Reading
Targa to Proceed with Permian Basin Apex Pipeline After All
2024-05-02 - Targa Resources expects to take a final investment decision for the Apex pipeline out of the Permian Basin before the end of the year.
US Appeals Court Upholds FERC Approvals for Gas Pipeline Expansion
2024-05-02 - A unanimous three-judge panel of the U.S. Circuit Court of Appeals for the D.C. Circuit held that the Federal Energy Regulatory Commission was right to determine the Evangeline Pass Expansion project is functionally separate from four related gas infrastructure developments.
US Reforms Green Law to Speed Clean Energy, Infrastructure Permits
2024-04-30 - The reforms are the second and final phase of adjustments to the National Environmental Policy Act, or NEPA, by the Biden administration.
Canadian Railway Companies Brace for Strike
2024-04-25 - A service disruption caused by a strike in May could delay freight deliveries of petrochemicals.