Apache Fires Up Production in GOM

Apache Energy has commenced production at its Balboa field, located on East Breaks Block 597. The field is flowing at a stabilized rate of about 30 MMcf/d of natural gas and about 1,400 bopd. The project was developed by a well tied-back to the Anadarko-operated Boomvang spar on East Breaks 643.

Balboa's reservoir features oil-bearing sandstones with a natural gas cap. The well was completed near the crest of the structure to optimize overall hydrocarbon recovery. This completion was designed to produce natural gas and liquids by increasing liquids and decreasing gas volumes throughout the life of the field, stated the operator. The Balboa field is located in 3,687 feet (1,124 meters) of water.

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Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
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