Apache Corporation initiates production from its Garten development in the UK sector of the North Sea.

Apache Corporation has announced that it has initiated production from its Garten development in the UK sector of the North Sea.

The company said the discovery well was placed on production in late November, less than eight months after being drilled. The well is currently producing at a rate of 13,700 barrels of oil per day and 15.7 billion cubic feet of gas per day, Apache revealed.

“We are proud to have brought the Garten field online well ahead of our original target of first-quarter 2019,” Jon Graham, North Sea region vice president at Apache, said in a company statement.

“We expect this field will significantly increase Apache’s reserves and production in the UK. With exposure to strong Brent oil and UK natural gas prices, Garten will be a notable contributor to Apache’s cashflow in 2019,” he added.

Mark Hobbs, director of operations and projects at Apache North Sea, said Garten “is a unique technical achievement and represents Apache’s most complex smart well completion to date”.

“Our delivery on this project underscores Apache’s strong mix of integrated technical capabilities, project management expertise and cost discipline,” he added.

Andy Samuel, chief executive of the Oil and Gas Authority said, “it is great to see the Garten field come onstream less than a year from the original discovery and well ahead of the original plan”.

“The Garten well was the 2,500th exploration well on the UK Continental Shelf. Apache’s continued success reinforces the tremendous potential of the UKCS, which Apache is unlocking using advanced data gathering and analytics with excellent application of a number of technologies including 3D seismic to uncover high value near-field prospectivity,” he added.

Apache Corporation announced in October that it planned to accelerate initial production from the Garten discovery from the first quarter of 2019 to the fourth quarter of this year. The company made the announcement in its third quarter financial and operational results.

Apache announced the Garten oil discovery back in March, describing it as a “significant” find. The Garten discovery well targeted a downthrown structural closure and encountered more than 700 feet of net oil pay in stacked, high quality Jurassic-aged sandstone reservoirs, according to Apache, which says the recoverable resource is expected to exceed 10 million barrels of light oil.

Apache has interests in approximately 362,000 gross acres in the UK North Sea, according to Apache’s website. The company entered the North Sea in 2003.





Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Source link

NO COMMENTS

LEAVE A REPLY