Exploration has propelled Apache’s past success and will fuel future growth. In the early years, Apache was known for acquisitions and exploitation. Over the past decade, the company has built a formidable exploration capability that has delivered major discoveries including Qasr in Egypt’s Western Desert, Julimar in Australia and the Horn River Basin shale gas play in British Columbia, Canada. Apache recently reorganized its staff in order to increase the company’s focus on exploration and ensure that it will continue to be a key driver of growth.