Apache Drills Productive Well In UK's Beryl Field

Date : 05/16/2012 @ 11:21AM
Source : Dow Jones News
Stock : Exxon Mobil Corp. (XOM)
Quote : 72.89  -0.61 (-0.83%) @ 8:00PM
Exxon Mobil share price Chart

Apache Drills Productive Well In UK's Beryl Field

Apache (NYSE:APA)
Historical Stock Chart

5 Years : From Mar 2013 to Mar 2018

Click Here for more Apache Charts.

Apache Corp. (APA) said Wednesday that it completed a highly productive oil well at a mature U.K. offshore operation, opening up opportunities for further development of what is known as the Beryl Field.

The well is "one of the best wells drilled in the past 10 years" in the Beryl field, and it produced at a rate of 11,625 barrels of oil per day and 13.1 million cubic feet of natural gas per day, Apache said.

The field was acquired in 2011 by Apache from Exxon Mobil Corp. (XOM). Houston-based Apache has historically focused on bringing new life to declining reservoirs that were originally discovered and exploited by major oil companies such as Exxon and BP PLC (BP, BP.LN). The recent Gusher at Beryl will "open up further development opportunities," said Jim House, managing director of Apache North Sea, in a statement.

Apache said it plans a new three-dimensional seismic survey this summer, the first since 1997. The company owns 50% of the field, and operates it. Partners include Hess Corp. (HES), Enterprise Oilfield Group Ltd. (E.T) and OMV AG's (OMV.VI) OMV (U.K.) Ltd. unit.

-By Angel Gonzalez, Dow Jones Newswires; 713-547-9214;angel.gonzalez@dowjones.com

Order free Annual Report for Apace Media Plc

Visit http://djnewswires.ar.wilink.com/?link=APA or call 1-888-301-0513

Order free Annual Report for BP plc

Visit http://djnewswires.ar.wilink.com/?link=BP or call 1-888-301-0513

Order free Annual Report for Hess Corp.

Visit http://djnewswires.ar.wilink.com/?link=HES or call 1-888-301-0513

Order free Annual Report for OMV AG

Visit http://djnewswires.ar.wilink.com/?link=OMVKY or call 1-888-301-0513

Order free Annual Report for Exxon Mobil Corporation

Visit http://djnewswires.ar.wilink.com/?link=XOM or call 1-888-301-0513

Latest XOM Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:40 V:us D:20180324 19:36:20