Apache puts Reindeer, Devil Creek on ice, secures funds for Oz oil projects

APACHE Energy has deferred development of its Reindeer gas field offshore Western Australia and the associated Devil Creek onshore gas processing plant while announcing $350 million in financing for the Van Gogh and Pyrenees oil developments, also off WA.

Apache puts Reindeer, Devil Creek on ice, secures funds for Oz oil projects Apache puts Reindeer, Devil Creek on ice, secures funds for Oz oil projects Apache puts Reindeer, Devil Creek on ice, secures funds for Oz oil projects Apache puts Reindeer, Devil Creek on ice, secures funds for Oz oil projects Apache puts Reindeer, Devil Creek on ice, secures funds for Oz oil projects

Reindeer partner Santos said yesterday the decision to put Reindeer and Devil Creek on hold was due to the impact of the global financial crises on the project's proposed foundation gas customer.

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