Fri, Aug 1, 2014, 10:41 AM EDT - U.S. Markets close in 5 hrs 19 mins


% | $
Click the to save as a favorite.

Apache Corp. Message Board

  • MisterSavvy MisterSavvy Feb 17, 2011 11:09 PM Flag

    Production Shut Down

    <<Feb 18 (Reuters) - Apache Corp said on Friday it has halted production at its Van Gogh oil field off the coast of Western Australia due to Cyclone Dianne.

    Production at the Van Gogh field was restarted early last week after being shut in mid-January for maintenance on a production vessel.>>

    Is this insignificant or major?


    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Rodney Eichler

      Thank you, John. International production volumes in the fourth quarter were down 5% sequentially driven by facility outages in Australia and the North Sea. In Australia, Van Gogh was impacted by essential maintenance activities on the FPSO turret swivels and turret mooring system. Net fourth quarter production of 6,100 barrels of oil per day was down 17,600 barrels a day from the third quarter. Production resumed on February 7 and was 21,000 net barrels of oil per day earlier this week. Production has been temporarily shut down since last night due to proximity of Cyclone Dianne. We expect production to decline naturally during 2011 as originally planned.

101.63-1.03(-1.00%)10:41 AMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.