U.S. Company Strikes Oil Off Suriname Coast ...Middle East

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APA Corporation has struck oil offshore Suriname in a deposit that could hold more than 200 million barrels in reserves. APA Corp. partners with TotalEnergies in Suriname, with a 50:50 split of the stakes in the project. So far, the two have drilled two appraisal wells and another two are scheduled for drilling in the block that the two companies are exploring. Offshore drilling in Suriname is the object of much attention from oil market observers and industry investors thanks to the huge discoveries made next door, offshore Guyana. Yet Reuters…

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