According to Christmann, Block 58’s reserves are substantial, and Sapakara – the site of the latest appraisal well, Sapakara South-2 – is likely to underpin a future development project. Speaking during APA’s 2022 earnings conference, he noted that APA had recently revised its resource estimate for Sapakara to more than 600mn barrels.
Christmann further described Block 58 as having “a lot of potential” but stressed that the company and its French partner were still evaluating the data they had collected during drilling.
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