Subsidiary: Apache Corporation

Apache has decades of exploration, development and operations experience in Egypt and is one of the largest acreage holders in Egypt’s Western Desert. The company’s primary interests are in the Western Desert with high-impact exploration targets in both new and legacy acreage. Apache employs thousands of people in Egypt through its joint venture company.

A key component of Apache’s success in Egypt has been the ability to acquire and evaluate 3-D seismic surveys that enable the technical teams to consistently high-grade existing prospects and identify new targets across multiple pay horizons in the Cretaceous, Jurassic and deeper Paleozoic formations. The company has completed seismic surveys covering more than 3 million acres, which has led to recent discoveries that build and enhance the Company’s drilling inventory in Egypt.

The company is focused on several environmental initiatives in Egypt and delivered on its 2022 upstream flaring reduction goal. The company flared 40% less gas than would otherwise be flared by compressing the flared gas into sales lines.

In 2021, the company announced the ratification of a modernized production sharing contract (PSC) with the Ministry of Petroleum and the Egyptian General Petroleum Company.

Through the joint venture, Sinopec holds a one-third minority participation interest in the company’s oil and gas operations in Egypt.

In 2024, the Company drilled 48 gross development and 36 gross exploration wells in Egypt. A key component of the Company’s success has been the ability to acquire and evaluate 3-D seismic surveys that enable the Company’s technical teams to consistently high-grade existing prospects and identify new targets across multiple pay horizons in the Cretaceous, Jurassic, and deeper Paleozoic formations.

The Company has completed seismic surveys covering three million acres, which has led to recent discoveries that build and enhance the company’s drilling inventory in Egypt.

Excluding the impacts of the noncontrolling interest, Egypt contributed 22% of 2024 production and 12% of 2024 year-end estimated proved reserves.

Please note, the data on this page is current as of Dec. 31, 2024. For the latest on Apache’s Egyptian operations, please see our quarterly updates and disclosures on the Investors page.