Hows Apache doing in these interesting times?
Will APA dump the North Sea assets on BPs lap…and say See Yeah…
Is the Permian basin witnessing hard declines yet? Daily ESP failures…
Will Surinam deliver as promised or at substantially lower rates?
You define the future…
@j9 are they seeing less oil production? Or purposely going gas without a pipeline to shore…
Well, my friend at XOM who is working Guyana says he expects to drill a lot of gas wells…
@dc great assessment and candor.
This is what happens with the management have lost all direction and have no ability to actually run the business. They keep trying to rearrange the org in hopes that it will stop the ship from sinking when all it really does is hasten the demise.
As least the beluga whale gets to keep getting free tickets to events from the consultants while the ship is still afloat.
The reorg is over! Well, I should say we re-reorged!
It fu-ken su-ks. This bish going bankrupt not so long from now.
Apache is stuck with the North Sea and the abandonment liability is going to make the GoA look like a picnic. There are wells in the North Sea that haven't had interventions in decades so good luck with those. The acreage in Permian is dying and they should have been ahead of the curve there but they were behind again trying to use AI instead of actual hard science. As far as Surinam goes ... good luck making it long enough to see first oil. Total knows how bad off APA is and if you think it takes this long to get an FPSO on station then you haven't been paying attention to Guyana. They are just waiting for the demise and the forfeiture of the $5bln carry.
Simply the executive team and APA is a joke.