By Mitchell Ferman Apache Corp., confident in its oil discovery with TotalEnergies SE off Suriname’s coast, is pursuing further discussions for a floating liquefied natural gas site in cooperation with neighboring Guyana, an Apache executive told analysts and investors. Natural gas is a byproduct of oil production that companies handle in a variety of ways. Apache plans in…
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All details will be revealed to Suriname’s President on Block 58’s development prospects, said TotalEnergies’ Chief Executive Patrick Pouyanné. Speaking at the Barclays CEO-Energy Power Conference being held in New York, Pouyanné said that the oil field is big enough “to launch a sizeable deepwater development” but held other details close. He is due for…
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Suriname is one significant step closer to its highly anticipated offshore oil development as APA Corporation reported that Krabdagu-3 appraisal well in Block 58 confirmed an extension of oil resources, some 14 kilometres from the original prospect. APA holds a 50% working interest in the block alongside TotalEnergies – the operator. APA in its Q2 results…
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Development for Change eyesonsuriname Amsterdam, 11 August 2023 –The energy landscape of the Guyana-Suriname Basin is evolving at a rapid pace, with drilling activity set to intensify in the coming years. Noble Corporation projects the need for “6 to 7 ultra-deepwater (UDW) rigs through 2024, with potential upside from 2025 onwards” in the Basin, the…
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eyesonsuriname Amsterdam, 16 July 2023– PETRONAS and ExxonMobil’s find in Suriname’s offshore Block 52 has promising potential to become a natural gas development, according to the state-owned oil company Staatsolie. Current models of the Guyana-Suriname Basin, as well as discoveries made to date, indicate substantial volumes of both associated and non-associated gas. We believe that natural…
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But a distressful lack of confidence plays its part eyesonsuriname Amsterdam, 28 May 2023–Why is TotalEnergies seen as Suriname’s golden ticket to kickstart its Guyana-like offshore oil production operations and why are proceedings so slow? TotalEnergies is seen as a potential solution to kickstart offshore oil production operations in Suriname, similar to those in Guyana. However,…
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Guyana x Suriname eyesonsuriname Amsterdam, May 26, 2023 — Vice President Dr. Bharrat Jagdeo said on May 25 that Guyana’s gas strategy, which is expected to be drafted by the end of this year, will explore the possibility of joint development with Suriname. “In some areas, like Pluma, [there is] more gas, less oil, [and]…
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wealth and equality eyesonsuriname Amsterdam, 9 May 2023 –The most striking news to emerge from Suriname’s recently concluded Energy, Oil and Gas Summit (SEOGS) 2022 was uttered by the Vice President of Offshore at Staatsolie, Glenn Corrie – that 30 billion barrels of oil equivalent awaits discovery in the South American nation’s oil basin. Het offshore gebied van Suriname bevat…
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Suriname trails behind eyesonsuriname Amsterdam, 14 maart 2023– As soon as ExxonMobil Guyana receives approval from the Environmental Protection Agency (EPA) for its 35 multi-well programme in the Stabroek Block, drilling operations for the country could reach its peak in 2025. According to the Cumulative Impact Assessment (CIA) for the multi-well project, it was noted that several drill…
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