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HOUSTON, May 17 (UPI) -- Apache Corp. said an extension well in the British waters of the North Sea had the highest oil production rate since any other in the region since 2001.
Managing Director of Apache North Sea operations Jim House said the company encountered more than 300 feet of pay at the Beryl field in British waters of the 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," he said in a statement.
The company said it would conduct a new seismic survey of the area this summer, its first since 1997.
A production rate of 11,625 barrels of oil per day and 13.1 million cubic feet of natural gas per day was achieved from the Beryl-1 reservoir.
Apache, which has headquarters in Houston, acquired the field from Exxon Mobil last year. It serves as the operator of the field with a 50 percent stake alongside Hess Ltd, Enterprise Oil Ltd. and Austrian energy company OMV.
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| Additional Energy Resources Stories | |
TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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