Apache sees 14-19 million bbl at Balnaves

By OGJ editors
HOUSTON, Oct. 14
-- Ultimate recovery could reach 14-19 million bbl of oil from Balnaves field in WA-356-P off Western Australia, said Apache Corp. after successfully appraising the 2009 discovery.

The Balnaves-1 discovery well cut 64 ft of net oil pay in the B20 sand, a high-quality light oil accumulation at 10,600-700 ft below sea level. The pay zone is the Triassic Mungaroo formation below the large gas reservoirs of Brunello field.

Balnaves-2 was a sidetrack from the discovery, and Balnaves-4 was a sidetrack from Balnaves-3. The recent Balnaves-3 appraisal well test-flowed 9,076 b/d of oil and 13 MMscfd of natural gas from a 16-ft perforated section, confirming good reservoir deliverability.

Success at the three Balnaves appraisal wells has triggered development planning by subsidiary Apache Julimar Ltd. Pty.

Julimar and Brunello fields are large gas discoveries that will be developed to provide gas for the Wheatstone liquefied natural gas development operated by Chevron Corp. subsidiary Chevron Australia Pty. Ltd. Apache Julimar will operate the design and construction phases of the WA-356-P upstream part of the Wheatstone project.

Apache Julimar has a 65% interest in WA-356-P and a 16.25% equity interest in the Wheatstone project. Kufpec Australia (Julimar) Pty. Ltd., a subsidiary of Kuwait Foreign Petroleum Exploration Co. KSC, owns the remaining interest in the offshore license and an 8.75% interest in the Wheatstone project. The equity interests may be reduced as a consequence of an earlier heads of agreements signed with Korea Gas Corp. for the purchase of LNG from Wheatstone and an equity stake in the project.

Apache’s Australia Region started production last February from the Van Gogh and Pyrenees oil developments, and the Reindeer gas discovery is expected to begin producing in the second half of 2011 through a new onshore gas processing facility at Devil Creek.

Related Articles

Chevron to increase production, maintain capex level through 2017

03/13/2014 Chevron Corp. will increase production by 20% through 2017 without raising capital expenditures, executives said Mar. 11 at the company's annual se...

IHS CERAWeek: Oil executives cite rising business costs

03/04/2014 Demand for all types of energy continues to increase as oil and gas companies adapt to handle the ever-rising costs of finding and producing hydroc...

Chevron gets approval for Alder field, reaches FID

01/20/2014 Chevron Corp. UK subsidiary Chevron North Sea Ltd. has reached a final investment decision (FID) and received approval from the UK government to pr...

Feds call for revamp in safety regulation at US refineries

12/23/2013 The US Chemical Safety Board (CSB) has proposed a more-rigorous safety management regulatory framework for refineries in California that could exte...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected