Subsidiary: APA Suriname
In Suriname, APA Corporation has a leading position in one of the most watched new basins on the globe. Apache entered the country after winning bids for Block 53 and Block 58 offshore in 2012 and 2015, respectively. Those assets were transferred to APA Corporation (APA) Suriname in 2021.
In December 2019, the company entered into a joint venture agreement with TotalEnergies (formerly Total S.A.) to explore and develop Block 58 offshore Suriname. APA holds a 50% working interest in Block 58, which comprises approximately 1.4 million gross acres in water depths ranging from less than 100 meters to more than 2,100 meters. Since 2019, APA and TotalEnergies have drilled or participated in several discovery wells in the block. Ongoing exploration and appraisal drilling is underway to confirm additional resources and optimal development well locations.
APA is the operator of Block 53 offshore Suriname and holds a 45% working interest in the block. The company announced an oil discovery at the Baja well in Block 53 during the third quarter of 2022.