Apache Ends North Sea Operations
This is a UK news story, published by BBC UK, that relates primarily to Budget news.
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windfall taxBBC UK
•Oil firm Apache blames windfall tax for North Sea pull-out - BBC News
78% Informative
Apache took control of the Forties field, east of Fraserburgh , in 2003 .
Texas -based firm suspended all new drilling activity last year .
Apache said recent confirmation in the Budget that windfall tax on oil and gas firm profits would rise had made production uneconomic.
UK government said it wanted to make the UK a "clean energy superpower".
VR Score
79
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77
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77
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English
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