Subsidiary: Apache Corporation

Apache entered the North Sea in 2003 after acquiring an approximate 97% working interest in the Forties Field (Forties). In 2011, the Company acquired Mobil North Sea Limited, which included operated interests in the Beryl, Ness, Nevis, Nevis South, Skene, and Buckland fields and a non-operated interest in the Maclure field. The Company also has a non-operated interest in the Nelson field acquired in 2011.

During the second quarter of 2023, the company suspended all new drilling activity in the North Sea. During the third quarter of 2024, the company continued its economic assessment of its North Sea assets in light of several new regulatory guidelines and obligations surrounding significant tax levies and modernization of aging infrastructure. The company determined the expected returns do not economically support making investments required under the combined impact of the regulations, and it will cease production at its facilities in the North Sea by 2030. The company’s investment program in the North Sea is now directed toward asset safety and integrity.

As of year-end 2024, Apache had 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.

Please note, the data on this page is current as of Dec. 31, 2024. For the latest on Apache’s North Sea operations, please see our quarterly updates and disclosures on the Investors page.