Apache has started to make redundancies from its operations across the globe.
It has become the latest oil company to make job cuts, with BP also announcing it would be axing 200 office-based roles and 100 contractors from its North Sea operations.
A company spokeswoman said it did not know exactly how many workers would face job losses but estimated it would be less than 5% of its 5,000 employee workforce.
She said: “The decision to part with employees is always a very difficult one, and it’s a step we took after pursuing other measures including a slowdown in activity and reduction in budgets given the current price environment.”
According to reports, the layoffs will not be specific to one type of job function.
Last year the company was also reported to have cut contractor rates by 10%.
Apache also sold of its interest in two LNG projects along with accompanying reserves to Woodside Petroleum in a $3.75billion deal.
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