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Apache to Ramp Up North Sea Drilling; Five-Year Outlook
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Apache Corporation has reported an update on the company's North Sea operations, recent drilling success and views on the future potential of its portfolio in the region. The company unveiled that it will spend more money on drilling in the region.
John J. Christmann, IV, Apache's chief executive officer and president, said: "Today we will highlight the uniqueness of Apache's global portfolio and our North Sea assets in particular. We believe our performance and outlook reflect a truly differentiated opportunity that will provide significant value accretion in the coming years. With our financial position and our asset portfolio now in excellent shape, our strategy over the next five years is to focus on growing North America with the support of significant free cash flow generated by…
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