•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Apache's North Sea well flows better than expected

    Apache Corp.

    Apache Corp. today announced that an extension well had initial production rates higher than any oil well drilled at the Beryl Field in the UK North Sea since 2001.

    "We're very excited about this well because we've found virgin reservoir pressure in two of three zones containing more than 300 feet of net true vertical pay," said Jim House, regional vice president and managing director of Apache North Sea. "This is one of the best wells drilled in the past 10 years in the Beryl Field and we expect it to open up further development opportunities."

    The B72 was drilled as a deviated well from the Beryl Bravo Platform and logged a total of 619 feet measured depth (305 feet TVD) of net oil pay in three separate Jurassic-aged reservoir units. The well was completed in the Beryl-I reservoir, which was found at original pressure of 5220 psi and commenced production at a rate of 11,625 barrels of oil per day (b/d) and 13.1 million cubic feet (MMcf) of natural gas per day.

    Finding the Beryl-1 reservoir in a fault block at original field pressures within the Beryl field is an encouraging result that highlights the complexity and remaining potential of the field. A new 3D seismic survey is planned for summer 2012, the first since 1997.

    Apache completed the acquisition of Mobil North Sea Ltd. from ExxonMobil at year-end 2011, which includes operating interests in Beryl, Nevis, Ness, Nevis South, Skene and Buckland fields.

    Apache owns 50 percent of Beryl Field and is the operator. Other field owners are Hess Ltd. (22.22 percent), Enterprise Oil Ltd. (22.78 percent), and OMV (U.K.) Ltd. (5 percent).

    About Apache Corp.

    Apache Corp. is an oil and gas exploration and production company with operations in the US, Canada, Egypt, the United Kingdom North Sea, Australia and Argentina.

    Related Articles

    Inpex ups interest in Lucius project in Gulf of Mexico

    07/09/2014

    Inpex Corp. reports that Teikoku Oil (North America) Co. Ltd., a subsidiary, has acquired an additional participating interest in the Lucius deepwater US Gulf of Mexico project.

    Apache completes sale of Lucius and Heidelberg GOM developments

    07/01/2014 Apache Corp. has completed the previously disclosed sale of non-operated interests in the Lucius and Heidelberg development projects in the Gulf of Mexico and 11 primary term deepwater exploration ...

    US M&A shifts toward larger deals with Encana's Eagle Ford entry leading the pack

    06/09/2014 PLS reports that the period from April 17 through May 16, 2014 saw larger deals (exceeding $100 million) in the US upstream sector, resulting in an average deal size of $437 million vs. $231 millio...

    Carnarvon awarded permit to explore in Barrow sub-basin

    05/30/2014

    Carnarvon Petroleum Ltd. has been awarded Petroleum Exploration Permit EP-491 (bid block L11-7) on the eastern flank of the prolific oil-producing Barrow sub-basin offshore Western Australia.

    Cowan and Company analysts: North American budgets heading higher

    05/22/2014 Analysts with Cowan and Company have checked with 53 of the larger spenders of E&P dollars in the US and found that a total of $1.4 billion has been added to E&P budgets since the publishin...

    More Oil & Gas Financial Articles

    Inpex ups interest in Lucius project in Gulf of Mexico

    Wed, Jul 9, 2014

    Inpex Corp. reports that Teikoku Oil (North America) Co. Ltd., a subsidiary, has acquired an additional participating interest in the Lucius deepwater US Gulf of Mexico project.

    Apache completes sale of Lucius and Heidelberg GOM developments

    Tue, Jul 1, 2014

    Apache Corp. has completed the previously disclosed sale of non-operated interests in the Lucius and Heidelberg development projects in the Gulf of Mexico and 11 primary term deepwater exploration blocks to a subsidiary of Freeport-McMoRan Copper & Gold Inc. and other interest owners for $1.4 billion.

    US M&A shifts toward larger deals with Encana's Eagle Ford entry leading the pack

    Mon, Jun 9, 2014

    PLS reports that the period from April 17 through May 16, 2014 saw larger deals (exceeding $100 million) in the US upstream sector, resulting in an average deal size of $437 million vs. $231 million during Q114.

    Carnarvon awarded permit to explore in Barrow sub-basin

    Fri, May 30, 2014

    Carnarvon Petroleum Ltd. has been awarded Petroleum Exploration Permit EP-491 (bid block L11-7) on the eastern flank of the prolific oil-producing Barrow sub-basin offshore Western Australia.

    Cowan and Company analysts: North American budgets heading higher

    Thu, May 22, 2014

    Analysts with Cowan and Company have checked with 53 of the larger spenders of E&P dollars in the US and found that a total of $1.4 billion has been added to E&P budgets since the publishing of Cowan and Company’s year-end E&P spending survey in January.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ