"Suriname" News

TotalEnergies' Awari Exploration Well Offshore Suriname Fails to Deliver

Nov 28, 2022

Oil and gas company TotalEnergies has completed drilling the Awari exploration well offshore Suriname without encountering commercial hydrocarbon volumes.The news was shared Monday by APA Corporation, TotalEnergies' partner in Block 58, where the well was drilled…

Suriname Launches Bid Round for Six Offshore Blocks

Nov 10, 2022

Suriname's Staatsolie Hydrocarbon Institute (SHI) has this week announced the launch of a competitive bid round for six new oil and gas exploration blocks.The blocks are located in the currently sparsely explored Demerara acreage of Suriname…

Transocean Reels In $1.6B Worth of Drilling Deals

Oct 14, 2022

Offshore drilling company Transocean sent out its quarterly rig fleet status report on Thursday. In it, Transocean said it had won contracts worth a total of $1.6 billion during the quarter.Transocean secured contracts for the following rigs…

TotalEnergies Extends Suriname Rig Contract

Sep 22, 2022

TotalEnergies E&P Suriname has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to its contract for the Maersk Drilling's Maersk Valiant drillship. The contract extension is expected to start in January 2023…

Shell Extends Maersk Drillship Stay in Mexico

Sep 08, 2022

Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract…

Oil Money is Flooding into Guyana. Who Will Benefit?

Aug 25, 2022

Ever since Exxon Mobil found vast deposits of oil off Guyana's coastline in 2015, government leaders have pledged that black gold would transform the fortunes of one of South America's poorest countries.This year alone, the economy should grow 48%…

APA Strikes Oil in Block 53 Offshore Suriname

Aug 23, 2022

Oil and gas company APA Corporation on Tuesday said it had discovered oil at Baja-1 well in Block 53, offshore Suriname, using the Noble Gerry de Souza drillship.Baja-1 was drilled to a depth of 5,290 meters (17,356 feet) and encountered 34…

High Impact Exploration Sees Rebound

Aug 04, 2022

38 high-impact exploration wells were drilled in the first half of 2022, similar to the same period in 2021 when 39 wells completed, says industry analysts Westwood Global Energy Group. The 38 wells resulted in 13 potentially commercial discoveries at a 34% commercial success rate…

CGX Secures Funds for Wei-1 Exploration Well Off Guyana. Spud Date Set for October

Jul 22, 2022

CGX, a Toronto-based oil and gas firm focused on the Guyana-Suriname Basin, has secured funding for its next offshore exploration well in Guyana's Corentyne block by agreeing to farm out a portion of its interest to its partner Frontera.As part of the agreement…

Staatsolie to Offer 60% of Suriname's Offshore Blocks in Coming Year

Jun 30, 2022

Suriname's state oil firm Staatsolie is getting ready to offer 60% of the country's offshore blocks for auction over the next 12 months, starting with a deepwater round in the fourth quarter, a company executive said on Wednesday.The Guyana…

APA-Total JV Finds Oil In Krabdagu Well Off Suriname

Jun 21, 2022

Houston-based APA Corporation on Tuesday announced its joint venture with France's TotalEnergies has made an oil discovery at the Krabdagu exploration well off the coast of Suriname.APA has a 50% working interest in Block 58 where the oil discovery was made…

APA Hits Water Bearing Reservoirs at Rasper Well Offshore Suriname

Jun 14, 2022

APA Corporation, the operator of Block 53 offshore Suriname, said Monday it had recently completed drilling operations at the Rasper well, hitting water bearing reservoirs.'APA has completed operations on the Rasper well in the northwestern area of the block…

Suriname to Auction Deepwater Offshore Oil Blocks Late in 2022

May 31, 2022

Suriname's state oil company Staatsolie plans to hold an auction for deepwater offshore blocks at the end of 2022 and another for shallow water blocks in mid-2023, the company's managing director told Reuters.The South American nation is a small…

Challenger Energy Gets Offshore Exploration License in Uruguay

May 26, 2022

Challenger Energy, the company previously known as the Bahamas Petroleum Company, has formally signed a license agreement for the AREA OFF-1 petroleum license offshore Uruguay.The AREA OFF-1 license has a total area of approximately 15,000 km2 and is situated in water depths from 20 to 1000 meters…

Chevron, Staatsolie Sign Production Sharing Contract for Suriname's Offshore Block 7

Apr 28, 2022

Suriname's state firm Staatsolie and a unit of Chevron Corp have signed a production sharing contract for exploring and producing oil at an offshore block, the companies said on Wednesday, expanding their cooperation in the country.Suriname is a small onshore crude producer…

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