Apache to invest extra in Egypt Western Desert exploration

Apache has agreed to invest an additional $ 1 bn in Egypt on gas and oil exploration, the oil minister said. Oil Minister Sameh Fahmy said the $ 1 bn will be invested in Egypt's Western Desert.
Apache's investments in the country have reached $ 8 bn in the past 15 years, said Fahmy. It had made three new oil and gas discoveries in Egypt's Western Desert in April.

Apache is the largest acreage holder and the most active driller in Egypt, as well as the largest producer of liquid hydrocarbons and natural gas in the Western Desert and second largest in all of Egypt.