Subsidiary: APA Corporation Suriname
In Suriname, APA Corporation has a leading position in arguably the most watched new basin on the globe. Those assets were transferred to APA Corporation Suriname in 2021.
Apache entered Suriname after winning bids for Block 53 and Block 58 offshore in 2012 and 2015, respectively.
The company expanded its understanding of the basin through extensive geologic modeling and seismic acquisition. In 2019, Apache began drilling the Maka Central-1 well in Block 58 and subsequently brought in TotalEnergies as a 50-50 Joint Venture partner to explore and develop the block. The partners have announced several discoveries beginning with Maka Central-1 in January 2020.
Block 58 comprises 1.4 million acres. APA Corporation, Suriname also owns a 45% interest in Block 53, which covers 867,000 acres.
Please click here for a description of the Suriname PSC and Block 58 APA Corporation/Total JV mechanics, and see APA Corporation’s Investors page for the latest quarterly updates and disclosures.