Downstream

Oil discovery at the Krabdagu-1 exploration well, by APA Corporation

Suriname

APA Corporation announced an oil discovery at the Krabdagu-1 exploration well; it is on the Block 58 offshore Suriname.

APA and TotalEnergies

Firstly the well is located approximately 18 kilometers southeast of the Sapakara South-1 appraisal well.

“We are very pleased with the Krabdagu exploration well; which confirms our geologic and geophysical models and de-risks additional prospects we have in the area.”

Tracey Henderson, SVP, Exploration

Actually APA Suriname holds a 50% working interest in the block, with TotalEnergies, the operator, that has a 50% working interest.

Secondly the Maersk Valiant drilled KBD-1 to an approximate depth of 5,273 meters.

Afterwards the partners designed the well to test multiple stacked targets in Maastrichtian and Campanian intervals; and encountered approximately 90 meters of net oil pay in good quality reservoirs.

“The promising discovery at Krabdagu is another important step toward achieving our first FID in Block 58 offshore Suriname, and we look forward to continuing our exploration and appraisal programs.”

John J. Christmann IV, APA’s CEO and president

Finally while the rig is on the location; TotalEnergies will progress with drill stem and other wellbore testing to assess the resource potential and productivity of two primary reservoirs.

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Before together with Total S.A., APA has four discoveries offshore in Block 58 and are pursuing further exploration and appraisal programs.

Additionally, APA Corporation explores for oil and natural gas offshore Suriname.

Oil and APA in the U.S.

APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom.

After the foundation in 1954, APA operates across numerous U.S. basins; moreover Apache Corporation and its subsidiaries manage the U.S. operations.

Since 1992, its corporate headquarters are in Houston, Texas; the city is the center of the global natural gas and oil industry.

Today, the company’s U.S. operations and interests are focus in the Permian Basin; but also include assets in the Eagle Ford shale and Austin Chalk areas of southeast Texas, the Gulf Coast and the Gulf of Mexico.

To get more information about APA, visit: www.apacorp.com

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