APA · News · 20260805N

Exploration and Development Pipeline

APA Corp · 2026-08-05 · Importance 31 · Surprise 42

APA is advancing exploration programs in Alaska and Uruguay as potential sources of longer-term production growth. In Uruguay’s offshore block OFF-6, the company plans a substantially deeper exploration well toward the end of 2027 after concluding that the Raya X1 well did not reach the source rock. APA retains a 60% working interest in the block, while partner Eni is expected to fund most of the initial exploration. The GranMorgu development in Suriname remains scheduled for first oil in mid-2028.

Key facts

• Investing.com noted investors will focus on APA's exploration opportunities in Suriname and Alaska along with capital efficiency in the Permian. source