Project Profile
Value: US$4.2 million (the well only)
Location: Khalda Development Lease, about two miles (3.5 kilometres) east of Shams Field, Egypt
Production: 3,186 barrels of oil and condensate and 11 million cubic feet of natural gas per day
Drilling Depth: 14,028 feet
Start-up Year: December 2015
Amoun NE-1X is an oil and gas discovery on the north flank of Egypt\'s Khalda Ridge producing complex owned and drilled by Apache Corporation. The discovery tested at a combined rate of 3,186 barrels of oil and condensate and 11 million cubic feet of natural gas per day from two zones in the Jurassic-aged upper and lower Safa formations. The Amoun NE-1X was the first 2013 well among several planned locations targeting multiple liquids-rich objectives on the northern and southern flanks of the Khalda Ridge. The planned wells\' close proximity to production facilities is expected to enable quick completion and start-up of production. Apache plans to drill three development wells offsetting the Amoun NE-1X and test two nearby exploration plays later in 2013 as well as several additional prospects on the southern flank of Khalda Ridge. The Amoun NE-1X is located on the Khalda Development Lease, about two miles (3.5 kilometres) east of Shams Field. The well, which was drilled to a total depth of 14,028 feet, encountered 50 feet of oil pay in three Cretaceous Alam el Buieb (AEB-3) sands in addition to 101 feet of pay in the Jurassic Safa sands that were tested. The well cost US$4.2 million to drill and complete.
Berenice Field
The Berenice field started producing light oil from the Cretaceous-aged Alam El Buieb formations (AEB-3D and AEB-3E) in November 2014. Three wells are currently producing more than 9,500 bbl/d from a 700-acre drainage area with pay zones that range between 38 feet and 142 feet. Apache has a drilling rig dedicated to the field, which is currently drilling the Berenice-4 and will then continue on to the Berenice-5. The Berenice-4 contains a 142-foot oil pay zone in the target AEB-3D/-3E sandstones with excellent reservoir quality. Up to four additional wells are planned during the first phase of development. Drilling depth is approximately 12,000 feet with completed-well costs expected to average approximately $3 million for each of the development wells.
Ptah Field
The Ptah field started producing light oil from the Paleozoic-aged Shiffah Formation in December 2014. This field also has substantial target zones logged in the AEB-3D/-3E formations that have yet to be tested. In the Shiffah, the field discovery well (Ptah-1X) is currently producing 2,350 bbl/d and a second well (Ptah-3X) started production in March 2015 at a rate of 2,000 bbl/d. Shiffah pay zones have averaged 130 feet while the AEB-3D/-3E formations yet to be completed have logged an average net oil pay section of 65 feet. Further appraisal drilling and AEB-3D/-3E production testing will be conducted with the Ptah-4X and Ptah-6 to further define the field size and reserves. Drilling depth to the deeper Shiffah is approximately 13,800 feet, while the AEB-3D/-3E targets average a depth of 11,000 feet. Completed-well costs are expected to average around $3.7 million for Shiffah wells and $2.5 million for the AEB-3D/-3E wells.
Operators:
Apache Corporation: Operator with 100% interest