Apache Corp. has announced that it has bought North Sea assets from ExxonMobil in a deal worth USD 1.75 billion. The deal, which includes the Beryl field, will increase Apache’s North Sea production by 54% and its reserves by about 44%.
The US company said the assets were the best it had seen in the North Sea since it bought the Forties field in 2003. ExxonMobil said it would continue other joint ventures in the North Sea. It said it still had an interest in about 40 fields in the area.
The US company said the assets were the best it had seen in the North Sea since it bought the Forties field in 2003. ExxonMobil said it would continue other joint ventures in the North Sea. It said it still had an interest in about 40 fields in the area.
