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APA Apache Corporation

17.73
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Apache Corporation NYSE:APA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.73 0 01:00:00

Apache Makes Oil Discovery Offshore Western Australia

18/08/2014 2:22am

Dow Jones News


Apache (NYSE:APA)
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From Apr 2019 to Apr 2024

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   By Stephen Bell 
 

PERTH, Australia--U.S. energy company Apache Corp. (APA) said it has discovered a new oil field offshore Western Australia state, which may hold as much as 300 million barrels of crude.

The Phoenix South-1 well, drilled 180 kilometers north of Port Hedland in 133 meters of water, is the company's first oil discovery in Australia's offshore Canning Basin.

Apache is the operator of the WA-435-P block where the discovery was made, and owns a 40% stake in the license and the adjacent WA-437-P permit.

-Write to Stephen Bell at stephen.bell@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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