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Surinam's Staatsolie offers new exploration bid round

Upstream

Suriname launches shallow-water round promising link to 'golden lane'

By Energy Now TT

PORT SPAIN
Petroleumworld 12 11 2020

In 2020, Suriname has had significant oil discoveries by Apache and its partners in the deepwaters offshore. The three major finds this year put Suriname as the location for the 2nd largest discoveries in 2020 - second only to Russia.

Despite the successes in the deepwater, Staatsolie Hydrocarbon Institute has announced that it will offer up eight new blocks in the currently unlicensed and underexplored Shallow Offshore (SHO) acreage of Suriname via a round of competitive bidding.

The blocks on offer are located to the west of the SHO area, south of the recent deepwater discoveries made in Block 58 and northwest of the onshore producing fields.

According to Staatsolie, the bid round encompasses eight blocks covering 13, 524 km2 of the western part of the SHO acreage, offshore Suriname. The acreage spans from the coast to the edge of the shelf within the prolific Suriname-Guyana basin that has seen a number of significant discoveries.

Staatsolie indicated that the acreage lies directly in the migration pathway up-dip from proven and highly productive cretaceous ACT areas. This is known to extend into Suriname as recently proven by Apache’s Maka-1 discovery.

The data room opened on November 30th, 2020, and bids are due by April 30th, 2021, Staatsolie said. Staatsolie is being advised by Envoi Ltd throughout the process

Story by Energy Now TT 

energynow.tt 12 11 2020


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