BETA This is a new service – your feedback will help us to improve it.

APACHE NORTH SEA PRODUCTION LIMITED

Company number: 07720972

Reporting period:
1 January 2021 to 30 June 2021

---

This information is as reported by the business, and responses are in their own words.

This report was filed on 14 July 2021

and approved by Susan Greig

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

• within 30 days: 81%
• in 31 to 60 days: 16%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 19 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

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

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Yes – 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