Page 2 - 3rd draft-Apache Egypt Newsletter
P. 2

Commitment to



                                                                                                                                   operational



                                                                                                                                    excellence,


                                                                                                                                         safety,



                                                                                                                               environmental


                                                                                                                                     and social




                                                                                                                                responsibility




       Eng. Tarek el Molla’s VisiT To Qarun base



         Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, visited QPC’s Qarun Base on November 24th to

         celebrate the completion of Petroshahd’s storage facilities at Qarun Base.  The visit also celebrated the completion of

         QPC’s new 50,000 BPD separator, new accommodation facilities, and security arrangements at Qarun Base3.  Apache
         Egypt Regional VP, David Chi, and EGPC CEO, Eng. Tarek El Hadidi, visited along with MD’s and senior management

         from QPC, Petroshahd, Petroleum Ministry, and shareholder companies, EGPC, Kuwait Energy, and Sipetrol.  Both QPC

         and Petroshahd made presentations of  ongoing company activities and recent accomplishments.   Following the

         presentations, Eng. Tarek El Molla gave special recognition to the significant progress made by QPC on cost reduction

         and production optimization.



                                                                  QPC 2016 Highlights

































                Apache’s joint venture, Qarun Petroleum Company (QPC), has accomplished many great milestones in 2016.

                West of Nile (WON) area marks a very important location for QPC as it continues to exceed expectations.  It has
                achieved  a  production  record  of  6,729  BOPD  and  improved  waterflood  performance  with  ESP-powered

                dumpfloods.  QPC has also drilled 16 new wells and succeeded in reducing costs through reduced diesel and

                chemical consumption and the innovation of the ESP-powered dumpflood.  The extension of the Misaada Field

                resulted in an increase of 5 mmbbl STOIIP this year.  The facilities were also expanded in the following areas:
                Qarun CPF, SWQ WF and WON A.  From January 2016 until November 2016, QPC achieved a total of 275 mmbbls

                oil produced.  2016 successes set a high bar for 2017.  In 2017, QPC will continue drilling in Karama and WON

                areas and exploring in Basha and Azhar areas.  QPC doesn’t only focus on continuing its activities, but also on

                sustaining and improving the company’s performance.  QPC 2017 plans include: improve the facilities that serve
                the Karama area, evaluate the pipeline options for the WON area, focus on reducing produced water, and other

                activities to improve performance and reduce costs.
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