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Tag: Natural Gas

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WoodMac estimates 4.6 billion barrels discovered offshore Suriname

WoodMac: 4.6 billion barrels of oil discovered offshore Suriname.

Plus 12.5 trillion Cubic Feet of Gas eyesonsuriname Amsterdam, 20 May 2024–The Consultancy Group of Wood Mackenzie has put Suriname’s oil resource count at more than 2.4 billion barrels and its natural gas resources at 12.5 trillion cubic feet (tcf). Based on WoodMac’s numbers, assuming one trillion cubic feet of gas equals 176 million barrels of…
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Suriname’s Vision: A Regional Gas Hub

Suriname’s Vision: A Regional Gas Hub

eyesonsuriname 1. Collaborative Talks Begin Suriname, a South American nation with ambitious energy goals, has embarked on a journey of collaboration. Its state-owned oil company, Staatsolie, has initiated discussions with global oil giants Exxon Mobil and TotalEnergies. The objective? To jointly develop natural gas fields that straddle the maritime borders shared with neighboring Guyana. These…
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Suriname Surges: New Oil Discoveries Fuel Economic Growth

eyesonsuriname Suriname, nestled on the northeast coast of South America, is experiencing a wave of optimism driven by recent discoveries of significant oil and gas reserves in the shared Suriname-Guyana Basin. These discoveries, coupled with rising global energy demands, are poised to propel the nation’s economy towards a brighter future. A Basin of Opportunity The…
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Unveiling Suriname Basin's Oil and Gas Potential: A Promising Frontier in South America

Unveiling Suriname Basin’s Oil and Gas Potential

A Promising Frontier in South America eyesonsuriname The Suriname Basin, situated off the northeastern coast of South America, has rapidly emerged as an exciting frontier for oil and gas exploration. Stretching from Suriname to Guyana, this geological basin has recently garnered significant attention due to its potential wealth of hydrocarbon resources. With notable discoveries in…
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Suriname-Guyana Basin ranked 2nd most prospective in the world for oil

Suriname-Guyana Basin ranked 2nd most prospective in the world for oil

The Early Exploration Amsterdam, nov 2023– Onshore exploration. In both Suriname and Guyana, oil seeps were known from the 1800s, into the 1900s. Exploration in Suriname discovered oil at a 160 m depth while drilling for water in a schoolyard in Calcutta Village. The onshore Tambaredjo oil field (15-17 oAPI oil) was discovered in 1968. First oil began in…
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French Total planning to drill for gas off shore Tierra del Fuego

French Total planning to drill for gas off shore Tierra del Fuego

The US$ 700 million project is expected to produce some 10 million cubic meters of natural gas per day, representing 8% of Argentina’s total production France’s Total Vice-president said the company will start drilling at the Fenix field off the southern Argentine province of Tierra del Fuego in March 2024 and expects to start production the following November.  The US$ 700 million…
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Apache LNG Suriname

Apache Says Talks Advancing on Floating LNG Site Between Guyana, Suriname

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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Stena Carron oil drill ship

The Suriname Guyana Oil and Gas Basin

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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Promising gas finds in Suriname

Promising gas finds in Suriname

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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Study Collaboration Oil or Gas Exploitation

Study Collaboration Oil or Gas Exploitation

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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