APACHE NORTH SEA PRODUCTION LIMITED
Company number: 07720972
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
28 January 2026
Approved by:
Robert Rayphole
Payment statistics
Average time taken to pay invoices: 31 days
Total value paid:
- within 30 days: £123,747,790 (60%)
- in 31 to 60 days: £71,813,862 (35%)
- in 61 days or more: £11,937,212 (6%)
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 19%
- in 61 days or more: 2%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £83,751,074
- payments due in the reporting period which have not been paid within the agreed period: 21%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
ANSPL - Apache’s Master Service Agreements and Purchase Order Terms & Conditions include standard payment terms which are typically 30 days from invoice receipt. Exceptions to the standard 30 days may be made for specific contracts or by arrangement.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
N/A
Any other information about payment terms
No further comment provided
Dispute resolution process
ANSPL - Apache endeavours to resolve disputes as soon as possible, prior to payment being made. In the event that our Accounts Payable team are unable to resolve any disputes, they will be escalated to the Apache Contract Sponsor in the first instance, who shall discuss the matter in dispute with the supplier’s Contract Manager and make all reasonable efforts to reach an agreement.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: Oil and Gas Authority (OGA Supply Chain Code of Practice (SCCoP)
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No