Subsidiary: Apache Corporation
Apache has decades of exploration, development and operations experience in Egypt and is one of the largest acreage holders in the country. The company’s primary interests are in the Western Desert with high-impact exploration targets in both new and legacy acreage. Apache employs thousands of people in Egypt through its joint venture company, Khalda Petroleum Company, a partnership with the Egyptian General Petroleum Company (EGPC).
A key component of Apache’s success in Egypt has been the ability to acquire and evaluate 3D seismic surveys, allowing technical teams to consistently prioritize prospects and identify new targets across multiple pay horizons in the Cretaceous, Jurassic and deeper Paleozoic formations. The company has completed seismic surveys covering more than 3 million acres, leading to recent discoveries that expand and enhance its drilling inventory in Egypt.
Apache is advancing environmental initiatives across its Egypt operations, including projects that capture and compress gas to reduce flaring and emissions. These efforts align with the company’s long-term commitment to responsible operations and sustainable energy development.
In 2021, the company announced the ratification of a modernized production sharing contract (PSC) with the Ministry of Petroleum and the EGPC.
In the fourth quarter of 2024, Apache entered into a new gas sales agreement. The new gas sales agreement creates the potential for significant new drilling inventory with returns on par with oil.
During 2025, the Government of Egypt awarded Apache an additional two million net exploration acres in the Western Desert. This new acreage expands the company’s existing position in the country. In addition to a signature bonus of $25 million, Apache has committed to a drilling program on the acreage that the company believes it will be able to meet in the normal course of operations. Approximately 76% of Apache’s gross acreage in Egypt is undeveloped, providing the company with considerable exploration and development opportunities for the future.
In 2025, Apache drilled 45 gross development and 53 gross exploration wells in Egypt.
In 2013, Apache sold 1/3 of its interests in Egypt to Sinopec, who maintains a minority interest in the company’s Egyptian operations.
Excluding the impact of the noncontrolling interest, Egypt accounted for 23% of 2025 production and 12% of 2025 year-end estimated proved reserves.
For the latest on Apache’s Egyptian operations, please see our quarterly updates and disclosures on the Investors page.