Operations
1.1 million acres
(4085 km2)
Total held
acreage
11
Operated development leases
4
Non-operated development leases
21
Total
fields
125
Total active
wells
12,000 boepd
Working interest production
(January 2024)
1.1 million acres
(4085 km2)
Total held
acreage
11
Operated development leases
4
Non-operated development leases
21
Total
fields
125
Total active
wells
11,000 boepd
Working interest production
(November 2023)
Following establishment of first production in 2021, Apex has continuously increased production at Southeast Meleiha through an active development, appraisal and exploration drilling program within our joint-venture company, Farah Petroleum Company (PetroFarah). In December 2022, we substantially grew our footprint in the Western Desert through an acquisition of multiple assets from IEOC Production B.V. (IEOC), a unit of Italian integrated energy company Eni S.p.A., the leading exploration and production company in Egypt. Since commencement of production from Fajr field in August 2021, Apex has experienced a 203% annualized CAGR (compound annual growth rate) in daily working interest production, propelled by both exploration and development drilling, the acquisition from IEOC and an active workover program on those assets.
Southeast Meleiha (Fajr, Farah, Mashreq, Mashreq-N and RAM Fields)
After a successful exploration drilling campaign in Apex’s Southeast Meleiha concession, PetroFarah began producing oil in August 2021. We operate and have 100% interest in the five development leases in the concession.
W. Razzak (Aghar, Aghar-SW, Aghar-N and Aghar-E Fields)
Apex operates and has 100% interest in the oil fields in this concession.
W. Abu Gharadig (Raml and Raml-SW Fields)
Apex operates and has 45% interest in the oil fields in this concession.
E. Kanayes (Qattara Rim and Qattara North Fields)
Apex operates and has 100% interest in the oil fields in this concession.
Ras Qattara (Zarif and Faras Fields)
Apex operates and has 75% interest in the oil fields in this concession.
South West Meleiha (SWM-A, SWM-B and SWM-4 Fields)
Apex has 25% non-operated interest in the oil and gas fields in this concession
E. Obaiyed (Faramid)
Apex has 25% non-operated interest in the newly producing gas/condensate fields in this concession.
E. Kanayes (Qattara Rim and Qattara North Fields)
Apex operates and has 100% interest in the oil fields in this concession.
Ras Qattara (Zarif and Faras Fields)
Apex operates and has 75% interest in the oil fields in this concession.
South West Meleiha (SWM-A, SWM-B and SWM-4 Fields)
Apex has 25% non-operated interest in the oil fields in this concession
E. Obaiyed (Faramid)
Apex has 25% non-operated interest in the newly-developing gas/condensate fields in this concession.
