APA Corporation Provides an Activity Update for Suriname Block 53
June 13 2022 - 8:30AM
APA Corporation (Nasdaq: APA) today provided results from recent
drilling operations on Suriname Block 53. APA Suriname, the
operator, holds a 45% working interest in the block, with Petronas
holding a 30% working interest and CEPSA holding a 25% working
interest.
APA has completed operations on the Rasper well in the
northwestern area of the block. The well encountered water bearing
reservoirs in the Campanian and Santonian intervals, evaluation of
the open hole well logs, and formation and reservoir fluid samples
is ongoing.
The Noble Gerry de Souza drillship will be mobilizing to the
next exploration prospect, Baja, in the southwestern corner of
Block 53. Baja lies approximately 11 kilometers northeast of the
recently announced Block 58 discovery at Krabdagu and will test
Maastrichtian and Campanian targets.
About APA
APA Corporation owns consolidated subsidiaries that explore for
and produce oil and natural gas in the United States, Egypt and the
United Kingdom and that explore for oil and natural gas offshore
Suriname. APA posts announcements, operational updates, investor
information and press releases on its website, www.apacorp.com.
Additional details regarding Suriname, ESG performance and other
investor-related topics are posted at investor.apacorp.com.
Forward-looking statements
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Forward-looking
statements can be identified by words such as “anticipates,”
“intends,” “plans,” “seeks,” “believes,” “continues,” “could,”
“estimates,” “expects,” “guidance,” “may,” “might,” “outlook,”
“possibly,” “potential,” “projects,” “prospects,” “should,” “will,”
“would,” and similar references to future periods, but the absence
of these words does not mean that a statement is not
forward-looking. These statements include, but are not limited to,
statements about future plans, expectations, and objectives for
operations, including statements about our capital plans, drilling
plans, production expectations, asset sales, and monetizations.
While forward-looking statements are based on assumptions and
analyses made by us that we believe to be reasonable under the
circumstances, whether actual results and developments will meet
our expectations and predictions depend on a number of risks and
uncertainties which could cause our actual results, performance,
and financial condition to differ materially from our expectations.
See “Risk Factors” in APA’s Form 10-K for the year ended December
31, 2021, and in our quarterly reports on Form 10-Q, filed with the
Securities and Exchange Commission for a discussion of risk factors
that affect our business. Any forward-looking statement made in
this news release speaks only as of the date on which it is made.
Factors or events that could cause our actual results to differ may
emerge from time to time, and it is not possible for us to predict
all of them. APA and its subsidiaries undertake no obligation to
publicly update any forward-looking statement, whether as a result
of new information, future development or otherwise, except as may
be required by law.
Contacts
Investor: |
(281)
302-2286 |
Gary
Clark |
Media: |
(713) 296-7276 |
Alexandra Franceschi |
Website: |
www.apacorp.com |
|
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