3rd draft-Apache Egypt Newsletter

Springboard Graduation
Ceremony
October 5th, 2016, marked a very special day for Apache. It is the day
Apache honored 70 graduates from 35 Springboard schools in Fayoum
who are currently enrolled in high schools to continue their education.
The celebration commemorated the road that Apache’s Springboard
schools project team, students and teachers have traveled together.
The ceremony was attended by Mr. Adel Abd El Moneim, the
Undersecretary of the Ministry of Education- Fayoum Governorate,
officials from the Ministry of Education, our partners at the National
Council for Childhood and Motherhood, and Mr. David Chi, Vice
president and General Manager of Apache Egypt along with other
guests from Apache, Sinopec, Khalda, and Qarun. Mr. Chi presented
the awards and certificates to the students and their teachers. Mr. Chi
also handed awards to Fayoum’s educational administration team
appreciating their efforts towards the schools and the students.
“Apache know that you have big dreams and aspirations, we saw that when we honored some of the students from
Minya earlier this year, we were surprised how ambitious they are and of course you are not different, which gives me
the opportunity to tell you that Apache will try to help you achieve your dreams even after your graduation from the
Springboard schools as long as you chase those dreams,” mentioned Mr. Chi.
Upcoming events
Visit Apache’s Booth at
one of the biggest
petroleum events
14-16 February 2016
Cairo International Convention & Exhibition
Centre
The final word
From apache Egypt Vice President and general manager
Our vision for 2017 can be summed up in 3 strategies: to respond to market
changes through maintaining operational flexibility, to actively manage the
portfolio through further streamlining, to focus on capital budgeting that is
based on conservative price assumptions. We will be able to accomplish these
strategies through several ways. In North America onshore projects, we will
work on growing the production. We will strive hard to increase development
activity in Midland and Delaware core. We will also continue delineation and
ramp production in Alpine High with 4-6 rigs. Along with these activities, we will
focus on cost optimization and the funding of SCOOP, Montney and Duvernay.
Regarding the international & offshore projects, we will aim to invest more to
sustain the production and the free cash flow in Egypt and the North Sea. We
will continue lowering the risks and developing high impact exploration in
Suriname area. Our strategic goals for Apache Egypt are to sustain and
maximize production and cash flow in a concession-based regime while
operating in a safe and environmentally prudent way and to have an impact on
our share price by increasing investor’s confidence in Egypt’s asset value.
David Chi
Apache Egypt Vice
President and General
Manager
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