APA Corporation and TotalEnergies Announce Oil Project of 200,000 b/d in Block 58 and Launch Development Studies with the Objective of Sanctioning the Project by Year-end 2024
2023年9月14日 - 4:27AM
APA Corporation (Nasdaq: APA) and TotalEnergies have announced the
launching of development studies for a large oil project in Block
58, offshore Suriname. TotalEnergies is the operator of Block 58,
with a 50% interest, alongside APA (50%).
Successful appraisal of the two main oil discoveries, with the
drilling and testing of two wells at Sapakara South and three wells
at Krabdagu, confirmed combined recoverable
resources of approximately 700 million barrels of oil for the two
fields. These fields, located in water depths between 100 and 1,000
meters, will be produced through a system of subsea wells connected
to a Floating Production, Storage and Offloading unit (FPSO)
located 150 km off the Suriname coast, with an oil production
capacity of 200,000 barrels per day. The detailed engineering
studies (FEED) will start by year-end 2023 and the Final Investment
Decision (FID) is expected by year-end 2024 with a first production
target in 2028.
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 and in the Dominican Republic. 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.
Contacts |
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Investor: |
(281) 302-2286 |
Gary Clark |
Media: |
(713) 296-7276 |
Alexandra Franceschi |
Website: |
www.apacorp.com |
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