APA Corporation and Partners Lagniappe Alaska and Santos Announce Successful Flow Test in Alaska's North Slope at Sockeye-2 Exploration Well

Core Insights - APA Corporation and its partners have successfully conducted flow testing on the Sockeye-2 exploratory well, indicating a significant discovery in the eastern North Slope of Alaska [1][2]. Group 1: Well Performance and Reservoir Quality - The Sockeye-2 well was drilled to approximately 10,500 feet and encountered a high-quality Paleocene-aged clastic reservoir with an average porosity of 20% [2]. - During a 12-day production test, the well averaged 2,700 barrels of oil per day in the final flow period, demonstrating exceptional productivity without artificial lift [2]. - The flow test results suggest significantly higher reservoir quality compared to similar discoveries in the region [2]. Group 2: Future Prospects and Strategic Importance - The discovery from Sockeye-2 extends the Brookian topset play, which was first established with the Pikka discovery in 2013, indicating potential for further exploration [3]. - The results align with geological and geophysical models, reducing risk for additional prospects in the block, and further appraisal drilling will determine the ultimate size of the discovery [3]. Group 3: Company Overview - APA Corporation is involved in exploring and producing oil and natural gas in the United States, Egypt, the United Kingdom, and offshore Suriname [4].