Page 5 - 3rd draft-Apache Egypt Newsletter

The Team behind the scenes

Ashraf Ghaly Walaa Salama Heba Askar Mohamed El Ghawaby Sameh Hussein

Geophysical Advisor Geologist III Geologist I Geological Prospects Supervisor Petrophysicist Senior Staff I

Wael Abd El Razek Hani Nasr Ahmed Arafa Mohamed Saher Mohamed Hafez

Petrophysicist Senior Staff I Prospect Team Manager Geophysicist II Senior Staff Petrophysicist II Senior Data Center Supervisor

“Apache Egypt was recently awarded 2 new exploration concessions in the

Western Desert by EGPC, NW Razzak and South Alan El Shawish, with both blocks

combined totaling almost 1.57 MM gross acres (6356 km2). This award follows a

concerted technical effort during the summer by a focused team within the

Apache Egypt Exploration Department, together with key individuals in Apache

Egypt's Reservoir and Commercial Departments.

These awards will need to be negotiated to final Petroleum Sharing Contracts
Mostafa Hussein
Geophysical (PSC's) acceptable to Apache, EGPC, and the Ministry of Petroleum before being

Advisor
reviewed and approved by the Egyptian Parliament to become ratified into law.

This is expected by sometime during the summer of 2017. Exploration activities

should start later in 2017.

The Apache Egypt Bid Round team was supported by many individuals within the

Apache Egypt Exploration Department, which also frequently supports all Apache

departments and our 2 joint ventures, Khalda and Qarun, in many ways (data,

licenses, scout, maps, drafting, etc). This bid round effort could not have been

possible without all support within the Exploration Department, but also

Reservoir and Commercial. Additionally, key prior studies by Apache Exploration

and several together with EPT technology group in Houston made this evaluation

and successful bid possible. Finally, support from RVP David Chi and Houston

Executives made Apache's effort successful. Apache Egypt can now look forward

to new and exciting value-add activity in the years to come. This was truly a 'Team

of Teams' effort,” mentioned Mr. Joe Versfelt, Apache Egypt Region Exploration

Manager.

The team who worked on the 2016 EGPC Bid Round received The Team of Teams

Award this past December at the Town Hall. The Team of Teams Award recognizes

a team member who provides a helping hand to others, supports the team and

focuses on team results over personal achievements. The team members are:

Ashraf Ghaly, Walaa Salama, Heba Askar, Mohamed El Ghawaby, Sameh Hussein,

Wael Abd El Razek, Hani Nasr, Ahmed Arafa, Mohamed Saher, Mohamed Hafez,

and Mostafa Hussein.