Suriname’s Staatsolie signs deals to share offshore blocks with TotalEnergies and QatarEnergy

Qatar’s state-owned energy giant QatarEnergy has entered into two production sharing contracts (PSCs) for two blocks offshore Suriname, following successful bids for these blocks. Back in June 2021, Chevron and a consortium between TotalEnergies and QatarEnergy submitted winning bids for blocks offered in the Suriname Shallow Offshore (SHO) Bid Round 2020/2021, which closed for bidding on 30 April.... Continue Reading →

May 9, 2023 0

Turning Brazil into world’s fourth largest oil producer with new hydrocarbon exploration program

Brazilian Ministry of Mines and Energy (MME) is setting the wheels into motion to launch a program, which would step up investments in oil and natural gas exploration to promote regional development and foster national production while making Brazil the fourth largest oil producer in the world. To this end, Brazil’s Minister of Mines and... Continue Reading →

March 27, 2023 0

CGG, TGS, and BGP Complete 3D Seismic Survey Offshore Suriname

Offshore seismic data specialist CGG, in a consortium with TGS and BGP, on Tuesday announced the completion of Phase IV of the deepwater 3D seismic survey offshore Suriname. Covering 1,800 sq km, Phase IV completes the programmed 14,500 sq km survey of newly acquired 3D data in deep and shallow water in the promising Guyana-Suriname... Continue Reading →

March 21, 2023 0

Oil Stampede Is On in One of the Emptiest Places in the Americas

(Bloomberg) -- Annand Jagesar, the managing director of the state-owned oil company of Suriname, is a man in a hurry. He’s racing against time, nature and Guyana, the neighboring country that enviably discovered a massive offshore oil field in 2015. Jagesar believes Suriname, the former Dutch colony on South America’s northeastern coast (population about 620,000),... Continue Reading →

February 17, 2023 0

APA’s Suriname Sapakara South-2 Well Encounters 118ft of Net Oil Pay

APA Corporation APA has successfully drilled and flow-tested the Sapakara South-2 (SPS-2) appraisal well, the second appraisal well to test the previously announced discovery in the area. The well is located about 4.6 kilometers south of the Sapakara South-1 (SPS-1) appraisal well. It has encountered approximately 118 feet of high-quality net oil pay in the Campano-Maastrichtian... Continue Reading →

February 15, 2023 0

India’s ONGC Videsh Eyes Oil, Gas ‘hot spots’ in Africa, Latin America

(Reuters) ONGC Videsh (OVL) Ltd, the overseas exploration arm of India's Oil and Natural Gas Corp, is looking for exploration and production investment opportunities in Africa and Latin America, such as in Ghana and Surinam, managing director Rajarshi Gupta said. The company already has a presence in both continents through stakes in projects in Mozambique,... Continue Reading →

February 9, 2023 0

TotalEnergies potential oil development off Suriname

French energy giant TotalEnergies and its partner APA Corporation have completed the drilling and a flow test at an appraisal well in Block 58 offshore Suriname, encountering oil and adding additional resource potential towards establishing a black oil development hub. TotalEnergies’ partner, APA Corporation, announced the drilling and flow test results from the Sapakara South-2 (SPS-2) appraisal... Continue Reading →

February 9, 2023 0

Suriname’s Oil Boom Hits A $10 Billion Snag

(OP) A series of high-quality oil discoveries in Block 58 offshore Suriname combined with investment bank Morgan Stanley estimating that the block contains 6.5 billion barrels of oil sparked optimism that Suriname will replicate Guyana’s immense oil boom. This is bolstered by evidence that the U.S. Geological Survey grossly underestimated the Guyana-Suriname Basin’s oil resources. Disappointingly, after... Continue Reading →

January 23, 2023 0

South America to stay ‘key region for high-impact exploration’, Westwood says in 2023 outlook

High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more exploration. South America is set to continue to be a... Continue Reading →

January 12, 2023 0

Welligence Global Offshore Drilling Outlook

(OE) Welligence expects global offshore exploration drilling activity in 2023 to remain relatively steady year-on-year. The majors will drive much of the activity in their core regions, along with Petrobras, the world’s leading deepwater operator. And while there are far fewer independents active in the offshore today compared to 10 years ago, Welligence still anticipates... Continue Reading →

January 12, 2023 0

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