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Apache Announces Discovery in Australia Launch its 2008 Exploration Program

Source: www.gulfoilandgas.com 1/24/2008, Location: Not categorized

Apache Corporation reported the first discovery from its 2008 exploration program in Australia. The Brulimar-1 discovery on Australia's Northwest Shelf encountered 113 feet of net pay in the Upper Triassic Mungaroo sandstone. Brulimar-1 is the fourth consecutive exploration success in the Apache-operated WA-356-P block; Apache owns a 65-percent interest in the block in a joint venture with Kufpec.

"The Brulimar-1 is also a significant discovery because it continues to validate our use of advanced geophysical techniques to identify specific stratigraphic targets and accurately predict reservoir thickness before we drill a well," Farris said.

In Australia, Apache is planning to drill 52 wells, including 32 exploration wells, in 2008. The schedule includes four additional exploration wells on the Julimar-Brunello trend and Apache's first exploration program in the Gippsland Basin off the coast of the southeastern state of Victoria - Australia's most prolific oil province with a variety of play types. The first of Apache's eight wells, the Wasabi-1, is scheduled to spud around Feb. 1.

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