Total us covering for a less then stellar operator.. Any doubts…google Alpine High. If Apache goes bankrupt before 1st oil Total stands to gain significant reserves.
Brilliant current outlook attribution APA insider.
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.