SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C. 20549-1004


                                  FORM 8-K


                               CURRENT REPORT
                   PURSUANT TO SECTION 13 OR 15(d) OF THE
                      SECURITIES EXCHANGE ACT OF 1934



                       April 6, 2001 (April 5, 2001)
              ------------------------------------------------
              Date of report (Date of earliest event reported)



                            Apco Argentina Inc.
           ------------------------------------------------------
             (Exact Name of Registrant as Specified in Charter)



   Cayman Islands                  0-8933                    (98-0199453)
   --------------            ---------------------      ------------------
     (State of               (Commission File No.)        (IRS Employer
    Incorporation)                                      Identification No.)


                               P.O. Box 2400
                           Tulsa, Oklahoma 74102
                          Telephone: (918)573-2164
        ------------------------------------------------------------
                  (Address of Principal Executive Offices)



Item 5.     Other Events.

            On April 5, 2001, Apco Argentina Inc., a Cayman Islands
corporation (the "Company"), Apco Delaware, Inc., a Delaware corporation
and a wholly-owned direct subsidiary of the Company ("Merger Subsidiary"),
and Globex Energy, Inc., a Delaware corporation ("Globex"), entered into an
Agreement and Plan of Merger (the "Merger Agreement"). Pursuant to the
Merger Agreement and subject to the terms and conditions set forth therein,
Merger Subsidiary will be merged with and into Globex, with Globex being
the surviving corporation of such merger (the "Merger"), and as a result of
the Merger, Globex will become a wholly-owned subsidiary of the Company. At
the Effective Time (as defined in the Merger Agreement), (i) each issued
and outstanding share of common stock, no par value, of Globex (the "Globex
Common Stock") will be converted into the right to receive 1.896 ordinary
shares, $.01 par value, of the Company (the "Company Ordinary Shares") and
(ii) each issued and outstanding share of Class A preferred stock, no par
value, of Globex (the "Globex Preferred Stock") will be converted into the
right to receive 3,864.154 Company Ordinary Shares. In connection with the
Merger, the Company shall change its name to Globex Energy, Inc.

            In connection with the execution of the Merger Agreement, the
Company, Williams Global Energy (Cayman) Limited, a Delaware corporation
and an owner of approximately 68.96% of the Company's outstanding ordinary
shares prior to the Merger("Williams"), and certain shareholders of Globex
(the "Globex Group") will enter into a shareholders agreement (the
"Shareholders Agreement") pursuant to which (i) the Board of Directors of
the combined company will be increased to nine and divided into three
staggered classes and (ii) Williams and the Globex Group will receive
registration rights with respect to their shares of the Company.

            On April 5, 2001, Globex and Williams entered into a Voting and
Lock-up Agreement (the "Williams Voting Agreement") pursuant to which
Williams agreed to vote its Company Ordinary Shares in favor of the
issuance of shares in the Merger and the approval of amendments to Apco's
Articles of Association and Memorandum of Association and against any
alternative transaction or any other matter which could reasonably be
expected to facilitate the consummation of an alternative transaction.

            On April 5, 2001, the Company and certain stockholders of
Globex entered into a Voting and Lock-up Agreement (the "Globex Voting
Agreement") pursuant to which the Globex stockholders agreed to vote their
shares of Globex common stock or preferred stock in favor of approval of
the Merger Agreement and the Merger and against any alternative transaction
or any other matter which could reasonably be expected to facilitate the
consummation of an alternative transaction.

            A copy of the Merger Agreement is attached hereto as Exhibit
2.1, a copy of the form of the Shareholders Agreement is attached hereto as
Exhibit 4.1, a copy of the Williams Voting and Lock-up Agreement is
attached hereto as Exhibit 9.1, a copy of the Globex Voting and Lock-up
Agreement is attached hereto as Exhibit 9.2. The foregoing description is
qualified in its entirety by reference to the full text of such exhibits. A
joint press release announcing the transactions relating to the Merger
Agreement was issued on April 5, 2001, a copy of which is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.

Item 7.     Financial Statements, Pro Forma
            Financial Information and Exhibits.


      (c)   Exhibits


            2.1               Agreement and Plan of Merger, dated as
                              of April 5, 2001, by and among Apco
                              Argentina Inc., Apco Delaware, Inc., and
                              Globex Energy, Inc.

            4.1               Form of Shareholders Agreement, by and
                              among Apco Argentina Inc., Williams
                              Global Energy (Cayman) Limited, and
                              certain shareholders of Globex Energy,
                              Inc.

            9.1               Voting and Lock-up Agreement, dated as
                              of April 5, 2001, by and between
                              Williams Global Energy (Cayman) Limited
                              and Globex Energy, Inc.

            9.2               Voting and Lock-up Agreement, dated as
                              of April 5, 2001, by and between Apco
                              Argentina Inc. and Globex Energy, Inc.

            99.1              Apco Argentina Inc. and Globex Energy,
                              Inc. Joint Press Release, dated April 5,
                              2001.



                                 Signatures

        Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.

Dated:  April 6, 2001


                            APCO ARGENTINA INC.

                            By: /s/ Shawna L. Gehres
                               ----------------------------------
                               Name: Shawna L. Gehres
                               Title: Secretary



                               EXHIBIT INDEX


Exhibit No.                   Description

2.1                           Agreement and Plan of Merger, dated as
                              of April 5, 2001, by and among Apco
                              Argentina Inc., Apco Delaware, Inc.,
                              and Globex Energy, Inc.

4.1                           Form of Shareholders Agreement, by and
                              among Apco Argentina Inc., Williams
                              Global Energy (Cayman) Limited, and
                              certain shareholders of Globex Energy,
                              Inc.

9.1                           Voting and Lock-up Agreement, dated as
                              of April 5, 2001, by and between
                              Williams Global Energy (Cayman)
                              Limited and Globex Energy, Inc.

9.2                           Voting and Lock-up Agreement, dated as
                              of April 5, 2001, between Apco
                              Argentina Inc. and Globex Energy, Inc.

99.1                          Apco Argentina Inc. and Globex Energy,
                              Inc. Joint Press Release, dated April 5,
                              2001.
[{"type": "8-K", "sequence": "1", "filename": "0001.txt", "description": "8-K", "secsgml_size_bytes": 7936}]
{"company-data": {"conformed-name": "APCO ARGENTINA INC/NEW", "cik": "0000311471", "assigned-sic": "1311", "irs-number": "742041263", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-08933", "film-number": "1597643"}, "business-address": {"street1": "P O BOX 2400", "city": "TULSA", "state": "OK", "zip": "74102", "phone": "9185882164"}, "mail-address": {"street1": "P O BOX 2400", "street2": "MD 47-17", "city": "TULSA", "state": "OK", "zip": "74102"}}
SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C. 20549-1004

                                  FORM 8-K

                               CURRENT REPORT
                   PURSUANT TO SECTION 13 OR 15(d) OF THE
                      SECURITIES EXCHANGE ACT OF 1934

                       April 6, 2001 (April 5, 2001)
              ------------------------------------------------
              Date of report (Date of earliest event reported)

                            Apco Argentina Inc.
           ------------------------------------------------------
             (Exact Name of Registrant as Specified in Charter)

   Cayman Islands                  0-8933                    (98-0199453)
   --------------            ---------------------      ------------------
     (State of               (Commission File No.)        (IRS Employer
    Incorporation)                                      Identification No.)

                               P.O. Box 2400
                           Tulsa, Oklahoma 74102
                          Telephone: (918)573-2164
        ------------------------------------------------------------
                  (Address of Principal Executive Offices)

Item 5.     Other Events.

            On April 5, 2001, Apco Argentina Inc., a Cayman Islands
corporation (the "Company"), Apco Delaware, Inc., a Delaware corporation
and a wholly-owned direct subsidiary of the Company ("Merger Subsidiary"),
and Globex Energy, Inc., a Delaware corporation ("Globex"), entered into an
Agreement and Plan of Merger (the "Merger Agreement"). Pursuant to the
Merger Agreement and subject to the terms and conditions set forth therein,
Merger Subsidiary will be merged with and into Globex, with Globex being
the surviving corporation of such merger (the "Merger"), and as a result of
the Merger, Globex will become a wholly-owned subsidiary of the Company. At
the Effective Time (as defined in the Merger Agreement), (i) each issued
and outstanding share of common stock, no par value, of Globex (the "Globex
Common Stock") will be converted into the right to receive 1.896 ordinary
shares, $.01 par value, of the Company (the "Company Ordinary Shares") and
(ii) each issued and outstanding share of Class A preferred stock, no par
value, of Globex (the "Globex Preferred Stock") will be converted into the
right to receive 3,864.154 Company Ordinary Shares. In connection with the
Merger, the Company shall change its name to Globex Energy, Inc.

            In connection with the execution of the Merger Agreement, the
Company, Williams Global Energy (Cayman) Limited, a Delaware corporation
and an owner of approximately 68.96% of the Company's outstanding ordinary
shares prior to the Merger("Williams"), and certain shareholders of Globex
(the "Globex Group") will enter into a shareholders agreement (the
"Shareholders Agreement") pursuant to which (i) the Board of Directors of
the combined company will be increased to nine and divided into three
staggered classes and (ii) Williams and the Globex Group will receive
registration rights with respect to their shares of the Company.

            On April 5, 2001, Globex and Williams entered into a Voting and
Lock-up Agreement (the "Williams Voting Agreement") pursuant to which
Williams agreed to vote its Company Ordinary Shares in favor of the
issuance of shares in the Merger and the approval of amendments to Apco's
Articles of Association and Memorandum of Association and against any
alternative transaction or any other matter which could reasonably be
expected to facilitate the consummation of an alternative transaction.

            On April 5, 2001, the Company and certain stockholders of
Globex entered into a Voting and Lock-up Agreement (the "Globex Voting
Agreement") pursuant to which the Globex stockholders agreed to vote their
shares of Globex common stock or preferred stock in favor of approval of
the Merger Agreement and the Merger and against any alternative transaction
or any other matter which could reasonably be expected to facilitate the
consummation of an alternative transaction.

            A copy of the Merger Agreement is attached hereto as Exhibit
2.1, a copy of the form of the Shareholders Agreement is attached hereto as
Exhibit 4.1, a copy of the Williams Voting and Lock-up Agreement is
attached hereto as Exhibit 9.1, a copy of the Globex Voting and Lock-up
Agreement is attached hereto as Exhibit 9.2. The foregoing description is
qualified in its entirety by reference to the full text of such exhibits. A
joint press release announcing the transactions relating to the Merger
Agreement was issued on April 5, 2001, a copy of which is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.

Item 7.     Financial Statements, Pro Forma
            Financial Information and Exhibits.

      (c)   Exhibits

            2.1               Agreement and Plan of Merger, dated as
                              of April 5, 2001, by and among Apco
                              Argentina Inc., Apco Delaware, Inc., and
                              Globex Energy, Inc.

            4.1               Form of Shareholders Agreement, by and
                              among Apco Argentina Inc., Williams
                              Global Energy (Cayman) Limited, and
                              certain shareholders of Globex Energy,
                              Inc.

            9.1               Voting and Lock-up Agreement, dated as
                              of April 5, 2001, by and between
                              Williams Global Energy (Cayman) Limited
                              and Globex Energy, Inc.

            9.2               Voting and Lock-up Agreement, dated as
                              of April 5, 2001, by and between Apco
                              Argentina Inc. and Globex Energy, Inc.

            99.1              Apco Argentina Inc. and Globex Energy,
                              Inc. Joint Press Release, dated April 5,
                              2001.

                                 Signatures

        Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.

Dated:  April 6, 2001

                            APCO ARGENTINA INC.

                            By: /s/ Shawna L. Gehres
                               ----------------------------------
                               Name: Shawna L. Gehres
                               Title: Secretary

                               EXHIBIT INDEX

Exhibit No.                   Description

2.1                           Agreement and Plan of Merger, dated as
                              of April 5, 2001, by and among Apco
                              Argentina Inc., Apco Delaware, Inc.,
                              and Globex Energy, Inc.

4.1                           Form of Shareholders Agreement, by and
                              among Apco Argentina Inc., Williams
                              Global Energy (Cayman) Limited, and
                              certain shareholders of Globex Energy,
                              Inc.

9.1                           Voting and Lock-up Agreement, dated as
                              of April 5, 2001, by and between
                              Williams Global Energy (Cayman)
                              Limited and Globex Energy, Inc.

9.2                           Voting and Lock-up Agreement, dated as
                              of April 5, 2001, between Apco
                              Argentina Inc. and Globex Energy, Inc.

99.1                          Apco Argentina Inc. and Globex Energy,
                              Inc. Joint Press Release, dated April 5,
                              2001.