APACHE NORTH SEA LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -26.4%

  £405,217,911 → £298,140,839

• Cash

  -97%

  £701,204 → £20,931

• Net assets

  -192.1%

  £87,844,061 → -£80,929,954

• Employees

  —

  Not reported

• Operating profit

  -23.9%

  -£200,794,648 → -£248,855,498

• Profit before tax

  -26.5%

  -£230,737,834 → -£291,899,529

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. APACHE NORTH SEA LIMITED 2003-01-10 → present
2. PRECIS (2302) LIMITED 2002-12-11 → 2003-01-10

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared under the going concern basis and the directors have reviewed the going concern period to 31 December 2026. The company is able to demonstrate that it is in the position of being able to fund operating costs out of cash flow generated from its operations for a full range of commodity prices. In addition, if Apache North Sea Limited were in a position to require funding resulting from unforeseen operational losses, the company may be dependent on the financial support of its parent or other group undertakings. A letter of support has been provided by Apache Corporation to 31 December 2026.”

Group structure

1. APACHE NORTH SEA LIMITED · parent
   1. Apache UK Pension Trustee Limited 1% · United Kingdom · Pension funding

Significant events

• “On 20 March 2025, Finance Act 2025 was enacted, receiving Royal Assent, and included amendments to the Energy Profits Levy Act of 2022, increasing the levy from a 35 percent rate to a 38 percent rate, among other changes, effective for the period of 1 November 2024 through 31 March 2030.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.