Apache starts production in North Sea

May 1, 2013 at 7:36 AM

HOUSTON, May 1 (UPI) -- A third oil field brought on line in the British waters of the North Sea produced more than 10,000 barrels of oil per day in early stages, Apache Corp. said.

Apache, which has headquarters in Houston, said it started production at the Tonto oil field offshore.

"Tonto-1, the first producing well, came on stream at an initial rate of 10,346 barrels of oil per day," the company said.

Apache said the field is its third in the region to come online in the last three years. Apache said all three were developed under the terms of a measure from the British government that gives operatives economic incentives for their work.

BP in March announced that it joined Chevron, ConocoPhillips and Shell in a decision to move forward with plans for a third phase of operations at the Clair oil field in the North Sea.

The British government said reserves in the region may be as much as 17 percent of the country's total oil and natural gas potential.

Related UPI Stories
Latest Headlines
Trending Stories
House Majority Leader Kevin McCarthy drops bid for speaker
WikiLeaks offering $50K for video of Afghan hospital bombing
Murdoch sorry for implying Obama's not a 'real black president'
Reid sues exercise companies over eye injury
Lumber Liquidators to pay $10M in DOJ settlement