American energy firm pulls out of Labour's high-tax Britain - 'Uneconomic!'
AUS oil firm has blamed the impact of the windfall taxas it confirmed it will end all its operations in the North Sea by the end of the decade.
Apache, who took control of the field in Scotland in 2003, said the recent Labour Budget had made production "uneconomic."
The firm, based in Texas, suspended new all drilling activity last year in the Forties field, east of Fraserburgh.
It comes after Chancellor Rachel Reeves confirmed in the Budget that the tax on oil and gas firm profits would rise and be extended to 203
Why fuckin wait till the end of the decade, they can fuck off now.