Apache Corporation reported that the Amoun NE-1X discovery on the north flank of Egypt's Khalda Ridge producing complex tested at a combined rate of 3,186 barrels of oil and condensate and 11 million cubic feet of natural gas per day from two zones in the Jurassic-aged upper and lower Safa formations.

The Amoun NE-1X was the first 2013 well among several planned locations targeting multiple liquids-rich objectives on the northern and southern flanks of the Khalda Ridge. The planned wells' close proximity to production facilities is expected to enable quick completion and startup of production.

The latest discovery, which followed 2012's highly successful full-field development program at the Unas Field on the southern flank of the ridge, confirms significant additional exploration drilling potential in a prolific producing area in the heart of the Khalda concessions. Apache plans to drill three development wells offsetting the Amoun NE-1X and test two nearby exploration plays later in 2013 as well as several additional prospects on the southern flank of Khalda Ridge.

Tags: Apache Corporation