APA Corporation Provides Update on Block 58 Appraisal and Exploration Activities

APA Corporation (APA) provided an update on exploration activities in Block 58 offshore Suriname. APA holds 50% working interest, while TotalEnergies is the operator on the block with a 50% working interest.

Drilling operations have concluded at the Awari exploration prospect in the previously untested northwest portion of Block 58. The well was deemed noncommercial.

At the Sapakara South-2 (SPS-2) appraisal well, the joint venture will commence flow-test operations following drilling to the targeted Maastrichtian-Campanian formation. Results are expected to be available next month. SPS-2 is located approximately 4.6 kilometers south of Sapakara South-1.