The discovery was made by Apache Corporation in cooperation with the Egyptian General Petroleum Corporation (EGPC), following the drilling of the SKAL-1X exploratory well in the South Kalabsha area.
Egypt ramps up oil production & energy investment with new incentives and deep sector reforms, says Minister Badawi.
Halliburton marks 25 years of hydraulic fracturing in Egypt, announces AI platform "Zeus iQ" to enhance production efficiency.
Minister Molla said that Apache is the largest American investor in Egypt, noting that it started its operations in Egypt about 30 years ago.