APA Corporation
APA Corporation operates in the United States, Egypt's Western Desert, the United Kingdom's North Sea, and offshore Suriname, with significant contributions from its U.S. and Egypt operations. The company is committed to environmental sustainability, including reducing methane emissions and utilizing recycled water in its operations.
Overview of APA Corporation
APA Corporation operates in diverse locations such as the United States, Egypt's Western Desert, the United Kingdom's North Sea, and offshore Suriname. The company's significant operations in various regions contribute to its global energy production capacity.
APA Corporation's U.S. Operations
APA Corporation's operations in the United States are primarily concentrated in the Permian Basin, which includes nearly 5,000 wells across 3.7 million acres. Additionally, the company has assets in the Eagle Ford shale and the Austin Chalk areas of southeast Texas, as well as the Gulf Coast and Gulf of Mexico. In 2023, U.S. operations accounted for 54% of APA Corporation's total production.
APA Corporation's North Sea Operations
Since 2003, APA Corporation has maintained a significant presence in the United Kingdom's North Sea, with interests spanning approximately 292,000 gross acres. In 2023, the North Sea operations contributed 11% of the company's production and accounted for about 9% of year-end estimated proved reserves.
APA Corporation in Suriname
In Suriname, APA Corporation focuses on exploration and development in Block 58 and Block 53 offshore. The company, in partnership with TotalEnergies, has announced the launch of development studies for a large oil project in Block 58, which is expected to have a production capacity of 200,000 barrels per day.
APA Corporation's ESG Initiatives
APA Corporation has set new ESG goals, including reducing methane emissions in U.S. onshore operations by converting more than 2,000 pneumatic devices. The company aims to use at least 50% recycled water for completions in U.S. operations and reduce Scope 1 GHG intensity by 10-15% by 2030. Additional commitments include reclaiming over 150 plugged and abandoned sites by year-end 2025 and reducing upstream routine flaring in Egypt by 40% in 2022. Since 2005, APA Corporation's Apache Tree Grant Program has donated over 5 million trees.