Drillship off the coast of Suriname
In Suriname, Apache has a leading position in arguably the most watched new basin on the globe.

Apache entered Suriname after winning bids for Block 53 and Block 58 offshore in 2012 and 2015, respectively.

In the years since, 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 Total S.A. as a 50-50 Joint Venture partner to explore and develop the block. The partners announced a discovery at Maka Central-1 in January 2020, followed by additional discoveries later in the year.

Block 58 comprises 1.4 million acres. Apache 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 Apache/Total JV mechanics, and see Apache’s Investors page for the latest quarterly updates and disclosures.