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Tuesday, 3 September 2019

Qarun drills 10 exploratory wells in Western Desert

Qarun Petroleum, a joint venture between Apache and the Egyptian General Petroleum Company, has drilled 10 exploratory wells in the Western Desert, producing a combined 5k bbl/d, the Oil Ministry said in a statement yesterday (pdf). This will account for 16% of the company’s total production. The company is now considering investing USD 237 mn during FY2019-2020 in further development projects.

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