Offshore staff
HOUSTON – Apache North Sea has completed its acquisition of ExxonMobil’s Mobil North Sea assets.
The company has now assumed operational control of the Beryl, Nevis, Ness, Nevis South, Skene and Buckland fields, the Beryl/Brae gas pipeline and the SAGE gas plant.
The transaction also included non-operated interests in the Maclure, Scott and Telford fields and exploration acreage at Benbecula, west of Shetland.
G. Steven Farris, Apache’s chairman and CEO, said: “These fields have significant remaining life, high production efficiency, quality reservoirs and a portfolio of low-risk exploitation projects; we also believe the complex structural setting holds reserve upside.”
“Completing this transaction while remaining focused on safe and environmentally responsible operations at both Apache and Mobil North Sea assets was the product of hard work by both the Apache and Mobil North Sea teams, along with cooperation from regulators,” said James L. House, Region VP and managing director of Apache North Sea.
“We look forward to a new period of growth with a strong, combined team.”
01/04/2012
