Apex International Energy Announces Oil Discovery in Egypt

Apex International Energy – an Egypt-focused, independent oil and gas exploration and production company – has yielded a new oil discovery in the Southeast Meleiha Concession located in Egypt’s Western Desert.

Located 10 km west of the producing Zarif field, the discovery was made at the SEMZ-11X well, drilled to a total depth of 1,737 meters and yielding 19.8 meters of oil pay in the Cretaceuous sandstones of the Bahariya and Abu Roash G formations.

This was Apex’s second exploration well as part of an ongoing three-well program, following the acquisition and processing of 1,342 km2 of 3D seismic data in 2019-2020.

Drilled in December 2019, the first well encountered 8.15 meters of oil pay in the Bahariya Formation. The company will drill its third well later this month.

“These oil discoveries are an important step in our company’s development and in validating our strategy to grow an oil and gas company of substance through a combination of drilling and acquisitions,” said Roger Plank, Founder and CEO, Apex. “The presence of hydrocarbons in both the 1X and 11X confirms our geological model and significantly enhances the prospectivity of a number of other mapped prospects and leads across our 2,534 km2.”

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