Jeoffrey Lambujon's questions to APA Corp (US) (APA) leadership • Q3 2024
Question
Jeoffrey Lambujon asked for an outlook on operating expenses for the North Sea assets as production declines over the coming years.
Answer
CFO Stephen Riney stated that detailed guidance would be provided in the February call. He emphasized that the North Sea is now being managed for free cash flow, meaning new capital investment is uneconomic. The company is intensely focused on reducing operating costs, without compromising safety or environmental standards, to maximize cash generation from the asset's remaining life.