Apache Commences Production at Coniston Oil Field Off Western Australia
Japan's Inpex Corporation announced Monday that, through its wholly owned subsidiary Inpex Alpha, Ltd., it commenced oil production from the Coniston Oil Field offshore Western Australia on May 10.
The Coniston Oil Field covers an area of 17.3 square miles (45 square kilometers) saddling blocks WA-35-L and WA-55-L where the water is 1,247 feet (380 meters) deep. The field is located 3.7 miles (6 kilometers) north of the Van Gogh Oil Field where Inpex is engaged in oil production activities.
The Coniston Oil Field project is operated by Apache, which owns a participating interest of 52.501 percent. Inpex holds the remaining 47.499 percent. The partners made a final investment decision on the project in December 2011.
Oil produced from the field is processed and stored at the floating production, storage and offloading (FPSO) vessel servicing the Van Gogh Oil Field. The average production rate during the first year is expected to amount to approximately 18,000 barrels of oil per day.
Inpex is committed to further expanding its exploration and development activities in the Asia-Oceania region.
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