Seeking Alpha

Apache to start production at new Australian oil field by end of Q2

  • Apache (APA +1.7%) says it expects to start production at a new oil field offshore northwest Australia by the end of Q2.
  • APA has leased FPSO unit Armada Claire from Bumi Armada to produce light sweet crude from the Balnaves field.
  • Balnaves has a five-year field life, with production expected to peak at 30K bbl/day; APA operates the project with a 65% stake.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs