Brought to you by Quest Offshore & Southern Cone Consultants
(epbr) Despite Ibama's veto of the environmental license for drilling a Petrobras well in deep waters in the Foz do Amazonas Basin this week, activities in the region are not unprecedented. According to public data from the National Petroleum Agency (ANP), Foz has already had 95 drillings — all have occurred in shallow waters. Practically... Continue Reading →
French oil major TotalEnergies said Monday it had, with its partners, signed Production Sharing Contracts (PSC) on Blocks 6 & 8 with Staatsolie Maatschappij Suriname (Staatsolie), the State-owned oil company of Suriname. Blocks 6 and 8 were awarded to TotalEnergies in the Suriname Shallow Offshore Bid Round 2020/2021. TotalEnergies will operate the two blocks with... Continue Reading →
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 →
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 →
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 →
(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 →
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 →
(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 →
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 →
(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 →
Brazil Energy Insight 