Press release
Apache Corporation Announces Significant Oil Discovery Offshore Suriname at Sapakara West-1
Sapakara West-1 well provides further confirmation of geologic model with 79 meters (259 feet) of net oil and gas condensate pay.The third and fourth
About this update from Apa Corporation
[{"type":"text","content":"Sapakara West-1 well provides further confirmation of geologic model with 79 meters (259 feet) of net oil and gas condensate pay.The third and fourth exploration well locations in Block 58 have been identified. HOUSTON, April 02, 2020 (GLOBE NEWSWIRE) -- Apache Corporation (NYSE, Nasdaq: APA) and Total S.A. (NYSE: TOT) today announced a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. The well was drilled using the Noble Sam Croft with Apache as operator holding a 50% working interest and Total holding a 50% working interest.\n\n \n \n \n \n \n \n \n \n \n \n \n On April 2, 2020, Apache Corporation and Total S.A. announced a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. This follows the January 2020 announcement of a discovery at the Maka Central-1 well. The next two exploration wells on Block 58 will be at the Kwaskwasi and Keskesi locations.\n \n \n \n \n \n \n \n \n\n Sapakara West-1 was drilled to a depth of approximately 6,300 meters (20,700 feet), and successfully tested for the presence of hydrocarbons in multiple stacked targets in the upper Cretaceous-aged Campanian and Santonian intervals. Preliminary fluid samples and test results indicate at least 79 meters (259 feet) of net oil and gas condensate pay in two intervals. The shallower Campanian interval contains 13 meters (43 feet) of net gas condensate and 30 meters (98 feet) of net oil pay, with API oil gravities between 35 and 40 degrees. The deeper Santonian interval contains 36 meters (118 feet) of net oil-bearing reservoir with API oil gravities between 40 and 45 degrees. “Our second discovery offshore Suriname this year further proves our geologic model and confirms a large hydrocarbon system in two play types on Block 58. Based on a conservative estimate of net pay across multiple fan systems, we have discovered another very substantial oil resource with the Sapakara West-1 well,” said John J. Christmann, Apache CEO and President. “Importantly, our data indicates that the Sapakara West-1 well encountered a distinct fan system that is separate from the Maka Central-1 discovery we announced in January this year.” Block 58 comprises 1.4 million acres and offers significant potential beyond the discoveries at Sapakara West and Maka Central. Apache has identified at least seve...