Houston headquartered Apache Corporation has shaken up its leadership team and regional operating structure to "streamline" the business, including creating an "offshore" division.
The move includes creating "more integrated, super-region structures," including three "regions" covering North America, international and offshore, to reduce redundancy and improve operating efficiency, says Apache.
The firm says the move, following a string of acquisitions and divestments over the last fives years, would enable it to better meet industry conditions and maximize the potential of its North American business and Egypt and North Sea assets.
John J. Christmann, IV, Apache's chief executive officer and president, says: "These changes represent a significant step toward streamlining our operations in a way that will greatly enhance our ability to maximize recovery and minimize costs. This new structure will enable us to allocate resources and personnel expediently as industry conditions dictate. In addition, we have consolidated our technical expertise into centers of excellence, which will support each operating region and strengthen our ability to share best practices around the globe."
In North America, the company is merging resources into two super regions: the Permian Region and the Houston Region. Apache's Egypt Region, North Sea Region and Gulf of Mexico Region will form the International and Offshore Region.
Thomas E. Voytovich is to become executive vice president - International and Offshore Region and Exploration and Production Technololgy. In addition to his current management of Apache's operations in Egypt, the North Sea and the Gulf of Mexico, Voytovich will also oversee the Exploration and Production Technology and Engineering Technology service teams. Voytovich will remain in Apache's Houston headquarters.
James L. House, who until now has been North Sea managing director, has been named to the newly created position of senior region vice president - Houston Region and will be based in Apache's Houston headquarters.
Replacing House wlil be Cory L. Loegering, who will become region vice president - UK Region and managing director, Apache North Sea, following House's relocation to Houston. Loegering will be based in Apache's Aberdeen, Scotland, office and will report to Voytovich.
Timothy J. Sullivan has been appointed to the newly created role of senior vice president - Operations Support based in Houston. In this role, he will support the CEO in operational strategy, capital allocation, market intelligence and marketing.
Grady L. Ables will assume the role of region vice president - Canada Region and president, Apache Canada, and report up through the Houston Region. Ables will be based in Apache's Calgary, Alberta, office.
Faron J. Thibodeaux will continue to oversee the company's operations in the Midland Basin and Central Basin Platform as the senior region vice president - Permian Region based in Apache's Midland, Texas, office.
Steven J. Keenan will oversee the North American Unconventional Resources Technology team, Unconventional Resources New Ventures team and the company's operations in the Delaware Basin as the senior region vice president - Delaware Basin. Keenan will remain in Apache's San Antonio, Texas, office.
Thomas M. Maher will continue to oversee the company's operations in Egypt as the region vice president - Egypt Region and General Manager, Apache Egypt, from Apache's Cairo, Egypt, office.
Image: Apache's Forties Bravo platform in the North Sea. Image from Apache