The latest horizontal well, Bacchus West, penetrated Jurassic-aged Fulmar reservoir sandstones and logged 889 feet (measured depth) of net pay in three sections. The well currently is producing approximately 8,500 barrels of oil per day.
The first well on the field, Bacchus South, commenced production in May at approximately 6,000 barrels per day; it currently is producing approximately 4,400 barrels per day. Apache has a 50-percent working interest in Bacchus, which is a subsea tie-back to Apache's Forties Alpha platform.
"Increased output in the
Following completion operations at Bacchus, the Rowan Gorilla VII jack-up drilling rig is scheduled to move to appraise Apache's Aviat shallow gas discovery.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. These statements include, but are not limited to, statements about future plans, expectations, and objectives for Apache's operations including statements about drilling plans and future production growth. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial
condition to differ materially from our expectations. See "Risk Factors" in our 2011 Form 10-K filed with the
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