US independent Apache plans to explore deeply buried rock formations, including shales, in Egypts Western Desert for oil and gasUS independent Apache plans to explore deeply buried rock formations, including shales, in Egypts Western Desert for oil and gas
Houston-based Apache, which has begun drilling shale wells in Argentina, believes there are unconventional basins in Egypt that are analogous to those in North America.
Apache's results with such geology in North America have enticed Egyptian officials, who have signed off on a pair of shale drilling operations, Voytovich said during the company's annual investor meeting.
"We have two wells planned to test the idea here later this year," Voytovich said. "It's a step-change for us."
