حفلة 2024

Apex starts production from Fajr-8 development well in Egypt’s Western Desert

Apex International Energy has commenced on Sunday production from Fajr-8 development oil well in Egypt’s Western Desert, just after four days of its release.

The company said the well was tested, expected to yield a daily rate of 2,440 barrels of oil.

The Fajr-8 development Well encountered 98 feet of high-quality oil pay in sandstone of the Bahariya formation sandstone. It is located in Apex’s southeast Meleiha (SEM) concession that is operated by Farah Petroleum Company (PetroFarah) — a joint venture operating company of Apex and the Egyptian General Petroleum Company (EGPC) that was established in April 2021.

Fajr-8 will be the fifth producing well in the Fajr Field since the commercial discovery was approved for development by the Egyptian petroleum minister back in March 2021.

“PetroFarah’s rapid development of the three new field discoveries made by Apex in 2021 is a testament to the strong relationship and sense of urgency we share with EGPC to increase Apex’s and Egypt’s oil production,” Apex’s founder and chairman Roger Plank said.

“A second rig would start up on the license this month. There are numerous drilling locations and we look forward to continued development success.” Apex president and CEO Tom Maher said.

There are many other exploration prospects and leads across SEM and the neighboring East Siwa block. EGPC held a big round in the 2021 and Apex and Eni’s IEOC won the latter area.

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