Apache Company increases rigs in Egypt to 17

CAIRO - 12 February 2023: Egypt has a variety of investments and the Apache Company was able to increase the number of rigs to 17, CEO of the company, John Christmann, said during EGYPS 2023.

 

“We have seen a high demand for oil, and we expect in the coming decades a high demand, as there are 10 percent of the world's population in need of an affordable energy price,” Christmann added.

 

Egypt Petroleum Show (EGYPS 2023) kicked off Sunday in the presence of President Abdel Fattah El-Sisi.

 

The EGYPS 2023 takes place from February 13 to 15 at Egypt International Exhibition Center. 

 

It is held under the theme 'North Africa and The Mediterranean: Supporting Sustainable Global Energy Supply and Demand'.

 

The inauguration was attended by Prime Minister Mostafa Madbouli, Minister of Petroleum and Mineral Resources, Tarek El-Molla, and a number of ministers and senior statesmen.

 

All CEOs of the energy, oil and gas sector in the world will participate in the EGYPS 2023, in addition to a group of energy ministers, government representatives, high-ranking officials of the European Union, secretaries of major international energy organizations, business leaders and investors in the energy sector to discuss the most important issues to support the progress of the oil and gas sector.