Page 1 - 3rd draft-Apache Egypt Newsletter

January 2017

Good bye 2016, welcome 2017

.As another successful year draws to This year witnessed many important

a close, it is remarkable to realize events: the visit to QPC’s Qarun Base by
IN THIS how much has been achieved by the the Minister of Petroleum and Mineral

employees, Apache, and our joint Resources, Khalda's success in drilling and
ventures. In this newsletter, it is completing two wells at North East Abu

ISSUE worth highlighting what made this Gharadiq, and the USBEC Mission event
year a success. One of the key where Apache had a chance to meet many

 TWO BLOCKS IN THE highlights of 2016 was Apache’s government representatives. This
2016 BID ROUND achievement of winning two new newsletter includes information about last

 PETROLEUM blocks in EGPC bid round. It is also quarter’s Town Hall, the 5th Fun

MINISTER’S VISIT TO important to acknowledge how our Run/Walk/Cycle Day, and Springboard
QARUN BASE joint ventures contributed in the Schools graduation ceremony. It is also a

 QPC 2016 company’s overall production channel to recognize the employees who
activities. There was an increase of worked hard to achieve 2016 goals and
HIGHLIGHTS
9,080 BOEPD in Apache’s gross welcome those who are new onboard. It is
 KPC 2016 HIGHLIGHTS
production, which is 3% above plan. the New Year, and this newsletter is all
 APACHE EGYPT 2016
about what has been accomplished and
ACHIEVEMENTS
what is new for 2017!
 APACHE’S PEOPLE

 APACHE EGYPT
EGPC 2016 Bid Round Success
EVENTS
 END OF YEAR

MESSAGE Apache has won two blocks in the 2016 bid round. Winning these blocks (Block 6

– NW Razzak and Block 7 – S Alam El Shawish) will provide Apache the opportunity

to further grow the Egypt Region and build on the success the company has

achieved to date. The two blocks provide significant running room and a drilling
inventory for years to come. They are prospective acreages that can fuel Apache’s

growth. “Our success in securing these blocks would not be possible without the

hard work and effort from our employees across departments. I personally would

like to thank members of the Exploration, Commercial, Reservoir, Finance, and
KPC/Apache Operations departments. This was a true ‘Team of Teams’

accomplishment. I would also like to thank our Sinopec partners for their

confidence and support in Apache Egypt. The winning of these two blocks further

underscores the importance of the Egypt Region, the momentum we’ve gained
throughout the year in growing and maintaining production with lower capital and

in driving our costs down. I’m proud of each of you and your dedication to Apache,”

said Mr. David Chi, Vice President & General Manager.