Appraisal drilling intensifying on Krabdagu oil field offshore Suriname

Feb. 23, 2023
APA Corp. estimates combined oil resources in the Sapakara and Krabdagu discoveries in Block 58 offshore Suriname at more than 800 MMbbl, the company said in its latest results review.

Offshore staff

HOUSTON APA Corp. estimates combined oil resources in the Sapakara and Krabdagu discoveries in Block 58 offshore Suriname at more than 800 MMbbl, the company said in its latest results review.

This follows three successful flow tests during 2022, which validated the geologic, geophysical and reservoir models in the Upper Cretaceous section of the block’s central portion.

Further appraisal continues on Krabdagu using two rigs: the Krabdagu 2 well spud in late December 2022, while Krabdagu 3 is set to spud by the end of this month.

TotalEnergies operates the block in partnership with APA Corp.

In the UK central North Sea, APA’s production from the Beryl and Forties complexes has returned to the mid-40,000 boe/d level following improvements to the facilities' uptime.

That improvement has continued into the current quarter, although a slight dip is likely due to a delayed subsea well connection.

The company expects to bring online two subsea wells and one platform well this spring, and it plans to release the Ocean Patriot semisubmersible drilling rig around mid-year.

02.23.2023