Apache Sees Long - Term Value in UK North Sea

摘要

Just 12 months ago, US oil and gas producer Apache committed to divesting or spinning off its UK North Sea assets as part of a broader split between its domestic and international operations ( OD Nov.7'14 ). Today, it sees better long - term value in retaining those holdings for the foreseeable future. "The North Sea region plays an important role in the overall Apache portfolio by providing competitive investment opportunities across multiple time horizons, exposure to an asset base that is less sensitive to oil price volatility and potential reserve upside with high - impact exploration potential," the company said Tuesday during a presentation of its UK North Sea operations.