Subsidiary: Apache Corporation

Apache entered the North Sea in 2003 with the acquisition of a 97% working interest in the Forties Field. In 2011, the company acquired Mobil North Sea Limited, which included operated interests in the Beryl, Ness, Nevis, Nevis South, Skene and Buckland fields, along with a nonoperated interest in the Maclure field. Apache also holds a nonoperated interest in the Nelson field, acquired in 2011.

In the second quarter of 2023, Apache suspended all new drilling activity in the North Sea. During the third quarter of 2024, the company continued its economic assessment of the region in response to new regulatory guidelines and significant tax levies and costs associated with modernizing aging infrastructure. The company determined that future returns would not justify additional investment under these conditions and plans to cease production in the North Sea by 2030. The company’s current investment program in the region focuses on asset safety and integrity.

As of year-end 2024, Apache held interests in approximately 176,000 gross acres in the U.K. North Sea, which contributed 8% of Apache’s 2024 production and approximately 3% of year-end estimated proved reserves.

For the latest on Apache’s North Sea operations, please see our quarterly updates and disclosures on the Investors page.