Project Profile
Value: Undisclosed
Location: northern Shushan Basin, Khepri-Sethos Development Lease, Egypt
Area: unknown
Reserves: 31 MMcf of gas and 390 barrels of condensate per day
Depth: 15,555 feet
Start-up Year: -
The BAT (BAT-1X) discovery, located in the northern Shushan Basin in the Khepri-Sethos Development Lease, tested at a rate of 31 MMcf of gas and 390 barrels of condensate per day from a thick Paleozoic Shiffah sandstone interval. The well, which was drilled to a total depth of 15,555 feet, also encountered pay in the Cretaceous Upper Bahariya, Lower Bahariya, Alamein, AEB-3C and AEB-3D formations. The estimated cost to drill and complete the well was US$5.25 million. Both discoveries were drilled by Khalda Petroleum Company, an Apache-operated joint venture with the Egyptian General Petroleum Company. BAT-1X is a potentially large discovery and the latest in Apache\'s pursuit of stratigraphic traps and Paleozoic subcrop plays. Apache plans to drill several trend exploration wells in 2014 to evaluate and appraise the BAT discovery. Alternatives for delivering the production to market are under evaluation.
Operators:
Khalda Petroleum Company (joint venture of Apache Corp with the Egyptian General Petroleum Company): Operator with 100% interest