US independent Apache said during its 6 August second-quarter earnings call that “outperformance from recent rich gas discoveries” had resulted in the deferral of lower-pressure gas production from the giant Qasr field. It has trimmed its guidance for full year gross gas output from 540-550mn cfd to 535mn cfd as a result (MEES, 22 May).
“During the quarter, outperformance from recent rich gas discoveries resulted in the deferral of some lower pressure gas volumes at Qasr,” CEO John Christmann said. “While this slightly reduces our near-term gas outlook, higher associated liquids offset the impact, resulting in a similar BOE [barrel of oil equivalent] profile as originally anticipated.” (CONTINUED - 932 WORDS)
