$Colombia and Latin America - Suriname - APA release on the Sapakara South-1 development well - $Colombia and Latin America - InvestorVillage


$Colombia and Latin America
This is a semi-private group. You are free to browse messages, but you must be a member of this group to post messages. Join This Group

Group: $Colombia and Latin America   /  Message Board  /  Read Message

 
 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  13620 of 13753  at  7/29/2021 11:04:25 AM  by

The Red


 In response to msg 13618 by  krall
view thread

Re: Suriname - APA release on the Sapakara South-1 development well

 
NEWS

APA Corporation Announces Appraisal Drilling Success Offshore Suriname in Block 58 

 
Jul 29, 2021
 

HOUSTON, July 29, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced drilling success and updated the status of its appraisal program offshore Suriname in Block 58. As previously noted, the primary objective of the first phase of the appraisal drilling program is to deliver a fast-track, black oil development.

Sapakara South-1, an appraisal well located on the eastern edge of the Sapakara area, encountered approximately 30 meters (98 feet) of net black oil pay in a single zone of high-quality Campano-Maastrichtian reservoir. This result marks another important step toward a commercial oil development in the southeast portion of Block 58. The Maersk Valiant will soon mobilize to the next exploration prospect at Bonboni, approximately 45 kilometers to the north, before returning later in the year to flow test Sapakara South-1.

A second appraisal well encountered two thin intervals of black oil above water in the Campano-Maastrichtian at Kwaskwasi, impacting a small portion of the eastern edge of Kwaskwasi. The Campano-Maastrichtian intervals at Kwaskwasi and the Sapakara South-1 discovery are separate and unrelated.

APA Corporation President and CEO John J. Christmann IV commented, “We are very encouraged by the initial appraisal, having confirmed 30 meters of a single, blocky sand that is full to base with black oil. These are the characteristics necessary to accelerate development in this area of Block 58, which has high prospect density. We are excited to explore the northern portion of the block at Bonboni and look forward to continuing our appraisal program, including a flow test of Sapakara South-1 before year-end.”

APA Suriname holds a 50% working interest in Block 58, with TotalEnergies, the operator, holding a 50% working interest.

About APA

APA Corporation owns consolidated subsidiaries that explore for and produce oil and gas in the United States, Egypt and the United Kingdom and that explore for oil and gas offshore Suriname. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com. Specific information concerning Suriname, ESG performance and other investor-related topics are posted at investor.apacorp.com.

 ......


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 3  
   Views: 0 []
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board


Financial Market Data provided by
.
Loading...