The successful drilling, carried out in an offshore location about 185 kilometers from the coast and at a water depth of 904 meters, has revealed several oil-bearing campanian sandstone reservoir packages, the company announced on November 2. The Roystonea-1 well reached a total depth of 5,315 meters. Petronas said that the discovery is poised to…
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United States Geological Survey data shows offshore Guyana-Suriname Basin to have one of the largest untapped oil reserves in South America. As Suriname’s state oil company, Staatsolie Maatschappij Suriname N.V. is set to strike big In a world that’s craving more and more energy, oil is often described as ‘liquid gold’. But as depletion of…
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The find, in a block measured at 1.4 million acres, also offers significant potential beyond the current discovery, says Apache’s CEO. Apache (APA) – Get Report shares gushed after the Houston energy explorer and partner Total (TOT) – Get Report said they found significant oil offshore Suriname. Shares of Apache at last check were up 20% at $30.81. American depositary receipts…
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