Apache's Rose Well on Stream in Australia

Apache reports the development of its Rose gas/condensate field with the completion of the Rose 4 development well which is on stream, flowing at a daily rate of 101 million cubic feet (MMcf) of natural gas and 3,500 barrels (bbls) of condensate from the Brigadier and Mungaroo formations.

The Rose field is part of the Harriet Joint Venture, which Apache operates with a 68.5 percent interest. Its partners are Kufpec with 19.3 percent and Tap Oil with 12.2 percent.

"Development of Rose significantly enhances the joint venture's gas deliverability," said Eve Howell, regional vice president and managing director of Apache's operations in Australia. "Production from Rose-4 will be sold into 13 dedicated contracts and, along with the John Brooks development scheduled to come on line in August, should substantially increase the region's second-half gas volumes over previously reported levels."

The Rose field is located approximately 11 miles northeast of Apache's Varanus Island production hub in about 82 feet of water. Rose-4 was drilled as an extended-reach development well from the Linda platform to a measured depth of 19,906 feet. The well intersected the three field pay sands (the Jurassic-Triassic age North Rankin, Brigadier and Mungaroo Formations) on the crest of the structure and is favorably positioned to deplete Rose's estimated 40 billion cubic feet of natural gas reserves.

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