Hess Corporation said it is encouraged by the exploration success of Apache and Total in Suriname’s Block 58 where three discoveries have so far been made and the search for more hydrocarbon continues. John Hess, CEO of Hess Corporation said Suriname is in the early stages of its offshore development, like where Guyana was in... Continue Reading →
Total to Charter Two Maersk Offshore Drilling Rigs for Suriname Operations
French oil major Total has awarded a conditional letter of award to Danish offshore drilling firm Maersk Drilling for the supply of two deepwater rigs, Mærsk Developer and Maersk Valiant, for an exploration and appraisal project in Suriname’s Block 58. Suriname's Block 58 is where Total, with its partner Apache, has struck several oil discoveries in... Continue Reading →
Suriname Offers 8 Blocks in Shallow Waters
Suriname's Staatsolie has offered eight offshore exploration blocks in the shallow waters off the coast of South America's smaller country up for bidding. Staatsolie, the national oil company of Suriname, said the blocks, covering around 13,524 km2, are located in the currently unlicensed and underexplored shallow offshore acreage of Suriname. The blocks are located in... Continue Reading →
Rystad: Oil and Gas Exploration Activity in 2020 ‘Resilient’ Despite Covid-19
Norwegian energy intelligence group Rystad Energy has said that oil and gas exploration activity in 2020 has been resilient, despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades. "Found resources already exceed 8 billion barrels of oil equivalent (boe) and are projected to settle at around 10 billion boe... Continue Reading →
Can Colombia Replicate Brazil’s Offshore Oil Boom?
While offshore Brazil, Guyana and to a lesser extent Suriname are gaining the lion’s share of attention when it comes to South American offshore oil, with opportunities opening-up in Colombia. The Andean country’s Caribbean coast is believed to hold considerable oil and natural gas potential. It was with much fanfare that Diego Mesa, Colombia’s Minister of Mines and... Continue Reading →
Apache sets aim for fifth Suriname well
Oil and gas company Apache Corporation has selected its fifth exploration well offshore Suriname in Block 58 and filed appraisal plans for two previous discoveries. Apache said in its third-quarter financial report that the company has selected its fifth exploration well – named Bonboni –situated in the North Central portion of Block 58. The company... Continue Reading →
Hess sees more upside to Guyana’s 9 billion boe estimate, big potential in Santonian
A further increase in the gross recoverable resources is anticipated at Guyana’s Stabroek Block, adding to the recently upgraded 9 billion boe estimate, according to Hess Corporation. Greg Hill, Chief Operating Officer, explained to investors on the company’s Q3 earnings call last week that the 9 billion barrels of oil equivalent (boe) upgrade that was... Continue Reading →
South America’s Offshore Output Set to Surpass North America’s by 2024
South America’s offshore output is on track to surpass volumes coming from North America by 2024, energy intelligence group GlobalData said Tuesday. While several projects in Brazil and Guyana have taken final investment decision (FID), and are less likely to be postponed or suspended, offshore US and Mexico tell a different story, GlobalData says. Key... Continue Reading →
Shearwater in Large Towed Streamer 3D Survey Off Suriname
Sept 21, 2020 Norwegian marine seismic services company Shearwater GeoServices said Monday it had been awarded a contract by Malaysia's Petronas for work offshore Suriname. The award is for a large towed streamer 3D seismic survey over Petronas' Block 52, offshore Suriname. The four-month survey project is scheduled to start in Q4, 2020. "This new... Continue Reading →
Apache kicks off drilling operations on fresh well off Suriname
Apache Corporation has gathered further reservoir and technical data from its Kwaskwasi-1 discovery well located in Block 58 offshore Suriname and started drilling at another location within the block. Apache announced a major oil discovery at the Kwaskwasi-1 well drilled in Block 58 in late July 2020. The Kwaskwasi-1 was drilled to a depth of approximately... Continue Reading →
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