APA Corporation Announces Successful Flow Test at Sapakara South and Sub-Commercial Black Oil Discovery at Bonboni Offshore Suriname on Block 58
APA Corporation (APA)
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Source: GlobeNewswire
HOUSTON, Nov. 16, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced results from flow testing at the Sapakara South appraisal well and drilling results from the Bonboni exploration well, both operations recently completed on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies (TTE), the operator, holding a 50% working interest. Sapakara South-1 (SPS-1) flow test Flow and subsequent pressure build-up tests were recently completed at Sapakara South-1 (SPS-1), an appraisal well drilled earlier this year on the eastern edge of Sapakara nearly 4 kilometers from the discovery well. As disclosed earlier this year, SPS-1 encountered approximately 30 meters (98 feet) of net black oil pay in a single zone of high-quality Campano-Maastrichtian reservoir. A restricted flow test averaged 4,800 barrels oil per day (bopd) for 48 hours. Without flow restrictions, a development well would produce at a significantly higher sus
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- APA Co. (NASDAQ: APA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
APA
Earnings
- 2/22/24 - Beat
APA
Sec Filings
- 4/12/24 - Form DEFA14A
- 4/12/24 - Form DEF
- 4/10/24 - Form 8-K
- APA's page on the SEC website