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Apache, Total report 'significant' oil find offshore Suriname

Apr. 02, 2020 11:03 AM ETAPA Corporation (APA) Stock, TTE StockAPA, TTEBy: Carl Surran, SA News Editor32 Comments
  • Apache (APA +28.1%) and Total (TOT +8.5%) say they made their second significant oil discovery this year off the coast of Suriname, at the Sapakara West-1 well on Block 58.
  • Sapakara West-1 was drilled to 20.7K ft. and successfully tested for the presence of hydrocarbons in multiple stacked targets.
  • In January, the companies announced a significant discovery offshore Suriname at the Maka Central-1 well, also on Block 58.
  • Apache, which is Block 58's operator and a 50-50 partner with Total, says it has identified at least seven distinct play types and more than 50 prospects within the block.

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