Apache today said it had managed a 100% drilling success rate in the North Sea while adding production from three development wells in the region during the second quarter.
The Houston-headquartered firm, which also has operations in Canada, Egypt and the US, said the trio had achieved a 30-day average rate of more than 6,000 barrels of oil equivalent (boe) a daily.
Drilling has also started on the Storr play in the Beryl area, the company said in its second quarter results announcement, which revealed net losses of $244million (£185million).
ConocoPhillips posted a $1.5billion first-quarter loss, compared with a year-earlier profit, and cut its spending budget for the second time this year as the slump in crude prices sapped its profitability.
