US oil firm Apache said today that its North Sea Callater project had started producing early and under budget.

The Houston-headquartered firm said 19,000 barrels of oil equivalent (boe) per day were being pumped from two wells on the field following the completion of a tie-back.

Callater, formerly known as the “K discovery”, is located about 210 miles north-east of Aberdeen, within the Beryl area.

It is thought to hold net reserves of between 25million and 50million barrels of oil equivalent.

The North Sea is one of Apache’s three main stomping grounds, along with North America and Egypt.

Apache entered the basin after buying the Forties field from BP in 2003. It bought the Beryl, Ness, Nevis, Nevis South, Skene and Buckland fields from ExxonMobil in early 2012.

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