APA eyes ‘twilight years' for North Sea Forties hub after UK output drop, storm damage

摘要

1.Q4 output drops a third, heavy maintenance impact in 2022. 2.Key Forties production hub entering ‘wind-down' mode. 3.Rig out of action for three months following weather damage. Houston-based APA Corp., formerly Apache, expects its North Sea output to partially recover by the end of the year after glitches and maintenance caused fourth-quarter 2021 production to plummet, but is now anticipating the “twilight years” of its Forties production hub, it said Feb. 22.