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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 →
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 →
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 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 →
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 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 →
September 9, 2020, by Bojan Lepic U.S.-based oil and gas company Kosmos Energy has entered into an agreement with a subsidiary of Royal Dutch Shell to farm down interests in a portfolio of frontier exploration assets for up to $200 million. São Tomé & Príncipe assets; Source: Kosmos Energy Kosmos said on Wednesday that Shell would... Continue Reading →
Offshore drilling contractor Stena Drilling said Tuesday that oil company Tullow had hired one of its drillships for drilling offshore Suriname. Tullow Oil has hired the Stena Forth drillship and will use it to drill one well in Block 47, located approximately 260 km north of the coast of Suriname. Continue reading
Calmer political waters should help turn the country into a global exploration hotspot The small Latin American nation of Suriname is poised for profound change. Revenues from major offshore oil discoveries announced this year could transform the country’s long-term economic prospects. And, following the resolution of an election deadlock, a new coalition government has finally... Continue Reading →
Offshore drilling contractor Noble Corporation has won a six-month contract for its Noble Sam Croft drillship with ExxonMobil in Guyana. Noble shared the news as part of its 2Q results presentation in which it posted a loss of $42 million. The drilling company, which last week filed for Chapter 11 bankruptcy, said Wednesday ExxonMobil had awarded... Continue Reading →
Brazil Energy Insight 