Any got any insight to what the outcome of the review was for the North Sea?
3 replies (most recent on top)
APA got on the EPL bashing bandwagon with all the other operators in town. Roll on six months all the other operators in town who understand tax continue drilling and developing. In contrast we have pressed the self destruct button. Question is, how far will it count down to..,,,,
Extended mismanagement by corporate and local senior leadership, magnified by panicked, straw-clutching endorsement of cookie cutter reorganisation strategies provided by over-priced management consultancies have resulted in predictable outcomes.
Voluntary redundancy is the order of the day, augmented by others selected by the all seeing I. Wait for the inevitable rush for the lifeboats by the remaining qualified and competent. Windfall tax plays a part however let us be under no illusion that corporate-level mismanagement of the entire organisation has seen the team which has provided the corporation with great returns thrown under the bus in yet another attempt to save obese skins. Anyone displaying their Alpine High paperweight with pride these days? Haters gonna Hate as the Swagger video tells us.
Extend asset life rather than crystalise decommissioning liabilities hopefully!