Apache is appraising a February discovery in Suriname
Apache ups Suriname spending
The US independent will be more active in the frontier province for the rest of the year
Houston-headquartered Apache has upped its expectations of 2022 capex by c.$125mn, driven mainly by expectations of greater activity in Suriname. But, while it continues to appraise a February discovery in the country and drill another well, it is coy on exactly what its plans are for the additional spend. Parent company APA is raising full-year capex guidance by c.8pc, to $1.725bn, even after upstream capex in the year’s first quarter was c.$360mn, or $30mn below guidance. “Approximately half of this increase is associated with Suriname as we now plan to keep the Noble Gerry de Souza drillship in country following conclusion of operations at the Rasper well in block 53,” says the firm’s CEO
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
