Apache makes gas discovery offshore Kenya; data analysis underway to determine future activity

Source: Apache Corporation

Apache Corporation (NYSE, Nasdaq: APA) announced today that Mbawa 1 offshore exploration well in Kenya encountered natural gas. The well reached a total depth of 10,335 feet (3,150 meters).

The well encountered approximately 52 net meters (170 feet) of natural gas pay in three zones. Although no oil was encountered, the presence of hydrocarbons warrants further evaluation. Over the next several months, Apache and its partners in the Kenya L8 Joint Venture will analyze the well data to determine future exploration activities.

Apache has 50 percent interest in the Mbawa 1 well and is the operator. Others in the joint venture are Origin Energy Ltd. (20 percent), Pancontinental Oil & Gas NL (15 percent) and Tullow Kenya B.V. (15 percent).

Apache Corporation is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom North Sea, Australia and Argentina. Apache posts announcements, operational updates, investor information and copies of all press releases on its website, www.apachecorp.com.


Sign up for PennEnergy's eNewsletters
For Email Newsletters you can trust


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs