Keywords
  • Staatsolie concludes production-sharing contracts for two offshore blocks

    Staatsolie concludes production-sharing contracts for two offshore blocks On 13 July 2017, Staatsolie Maatschappij Suriname N.V. concluded production-sharing contracts for two offshore blocks. For Block 59, an agreement was signed with a consortium consisting of the oil companies ExxonMobil, Hess Corporation and Statoil. With Statoil a contract was signed for Block 60.
  • PSC Agreements Blocks 59 & 60

    Staatsolie and the consortium consisting of ExxonMobil, Hess and Statoil have reached agreement regarding a PSC for Block 59 offshore Suriname. At the same time an agreement was reached with Statoil for Block 60. The blocks were awarded to the consortium and Statoil as a result of Staatsolie’s ‘Open Door Policy Offshore Suriname’. Parties expect to sign the PSC’s no later than the second week of July 2017. On 15 September 2017 the ‘Open Door Policy Offshore Suriname’ will reopen, and interested companies will again have the opportunity to submit proposals for the open offshore acreage.
  • Suriname becomes the 52nd country to implement the EITI

    Suriname becomes the 52nd country to implement the EITI. For more information please visit: https://eiti.org/news/suriname-becomes-52nd-country-to-implement-eiti.
  • Suriname Farm-In Opportunities Blocks B & C

    Staatsolie is seeking Joint Venture partners for exploration and subsequent production of Block B and Block C.The Flyer gives more information on these Blocks.

Why invest in Suriname?

With an estimated resource potential of 13.6 Billion barrels (P50), the United States Geological Survey (USGS 2012) ranks the Guyana-Suriname Basin 2nd in the world for prospectivity among the world’s unexplored basins and 12th for oil among all the world’s basins – explored and unexplored.

For the past 35 years, Staatsolie has produced 109 Million barrels of crude oil onshore Suriname from Paleocene and Eocene reservoirs, which is derived from the Canje Formation.  Yet, offshore Suriname is virtually under-explored, with 26 exploration wells drilled in an area of approximately 130,000 km2, of which only 14 wells are drilled beyond water depths of 20m.

With a proven petroleum system in place, a variety of promising plays and a substantial amount of available data, the Guyana-Suriname Basin has all the ingredients to become your next major oil province.

Come explore with us!

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