APA Apache Corporation

   By Giulia Petroni 
 

Total SA said Thursday that it has made a second discovery along with Apache Corp. at Block 58 in offshore Suriname, South America.

The French energy major said the Sapakara West-1 well encountered "79 meters net pay of volatile oil and condensate" and that further testing will be performed to assess the reservoir's resources and productivity.

This follows a previous discovery at Maka Central-1, the company added.

Under the terms of the joint venture agreement between the two companies, Apache will operate the first three exploration wells in Block 58 and subsequently transfer the operatorship to Total.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

April 02, 2020 11:05 ET (15:05 GMT)

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