Apache Spends $1.75B to Acquire North Sea Assets From Exxon

摘要

Apache Chief Executive Steven Farriscould barely contain his enthusiasmWednesday as he commented on the compa-ny’s latest mega-acquisition from a major oilcompany — this time the $1.75 billion pur-chase from Exxon Mobil of the former Mo-bil’s UK North Sea assets.“This has a chance to be a real home runfor us going forward,” Farris said during aconference call with analysts and investors.“The transaction is a major step in buildingour North Sea business.”