APA to buy US shale oil driller Callon Petroleum for $4.5 billion
APA Corp. agreed to acquire shale explorer Callon Petroleum for $4.5 billion including debt, the latest in a wave of buyouts that’s reshaping the landscape of US oil producers.
APA Corp. agreed to acquire shale explorer Callon Petroleum for $4.5 billion including debt, the latest in a wave of buyouts that’s reshaping the landscape of US oil producers.
The $9 billion project would aim to produce these fields, through subsea wells, to an FPSO. The facility would be around 150 km off the Suriname coast, with the reserves in water depths ranging from 100 to 1,000 metres.
Apache has set out a timeframe for releasing a Diamond Offshore rig after axing a drilling contract earlier this year.
Apache parent APA Corp posted a threefold increase in profits in its full-year 2022 results, which show the North Sea continues to be a cash cow.
APA Corp has discovered oil offshore Suriname on Block 53, while abandoning another well on Block 58.
E&P company APA Corporation has announced the closing of two US transactions, generating net proceeds of around $1 billion.
TotalEnergies and APA Corp. have made a “significant” oil and associated gas discovery offshore Suriname, on Block 58.
TotalEnergies has chosen to exercise an option with Maersk Drilling for another well in Block 58, offshore Suriname.
Operator Apache (NASDAQ: APA) has been reprimanded following an incident on one of its North Sea platforms that could have caused “death or serious injury”.
Oil and gas company APA Corporation put last year’s hefty write-downs behind it to return to the black in the first six months of 2021.