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Vol. VIII Issue. 16
Apache to develop Balnaves oil field

04 October 2011

September 30, 2011. Apache Energy has committed to developing the Balnaves oil and gas field off Western Australia's north west coast. The Balnaves field is about 250 kilometres north-north-west of Onslow and is amongst the Brunello and Julimar fields. Apache plans to use the fields to feed gas to the new Wheatstone LNG project. Apache will spend $438 million on the project which should be pumping oil by early 2014. Apache says peak production should be 30,000 barrels of oil a day and up to 17 million barrels in total. The company says it will also extract 30 billion cubic feet of gas.

      
 
 
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