APA Corporation flow test results

An in-place oil resource is revealed thanks to the flow tests compiled during the lower intervals, Upper Campanian and Lower Campanian. This is approximately 100 and 80 million barrels (MMbbls), respectively, connected to the KBD-1 well.

The results of both are as follows:

• Upper Campanian. Thirty-two meters (105 feet) of net oil sand, a high-quality reservoir with 400-500 millidarcy permeability. Thirty-five degrees API and 2000-2300 scf/bbl GOR. The accumulation test indicated a connected resource of over 100 MMbbls of oil in place.

• Lower Campanian: Thirty-two meters (105 feet) of net oil sand, modest reservoir quality with 60-80 millidarcy permeability, 37 degrees API, and 2,500-2,800 scf/bbl GOR. The accumulation test indicated a connected resource of over 80 MMbbls of oil in place.

They made tests in the exploration well, so they planned an evaluation drilling. This is solely to confirm additional resources and optimal development well locations. They found another high-quality lower GOR interval in the upper Campanian in said exploration well. Unfortunately, it was not in a suitable area for flow testing. Also, to get better results, they will set the flow test shallower Campanian zone at the evaluation stage in a better location.

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“The results from the Krabdagu flow-test in the two lower intervals are in line with our expectations. Also provide data that accelerates our understanding of the field and will shape future activity. This includes identifying the optimal well locations that enable assessment of upside resource potential for each target,” said John J. Christmann IV, APA’s CEO, and president.

 “The connected resource demonstrated from the flow tests at Krabdagu combined with the results from Sapakara South is a significant step forward in advancing a project in this area of Block 58.”

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