Oil firms Apache and Total make major discovery offshore Suriname
- Apache Corp and Total SA said on Tuesday they had made a major oil discovery in the hotly-tipped Maka-Central 1 well off the coast of Suriname, sending Apache’s shares surging nearly 26%.
Analysts said it was impossible to ascertain as yet how much oil the find would generate but it is just over the border from Exxon Mobil-led discoveries off Guyana that are estimated to hold more than 6 billion barrels of oil. New York-listed Apache’s shares rose to their highest since May 2019 and were last up 24.6% at $31.94.
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