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Tag: Staatsolie

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eyesonsuriname meets Staatsolie CEO ir Jagesar in Amsterdam 21 July 2024

eyesonsuriname meets Staatsolie CEO ir Jagesar in Amsterdam 21 July 2024

eyesonsuriname meets Staatsolie CEO ir Jagesar in Amsterdam 21 July 2024

Agreement reached between Staatsolie and Total Energies

Agreement reached between Staatsolie and Total Energies

Economic Development Suriname may take off eyesonsuriname Amsterdam, June 5th 2024– According to TotalEnergies, an agreement was concluded between Staatsolie NV of Suriname and the French Oil and Gas company on the field development area, maximizing the value for Suriname and the Block 58 co-venturers over the 25 years Production Period.  In addition, the hull for…
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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 awards deepwater blocks

Suriname awards deepwater blocks to TotalEnergies, Shell, Petronas, QatarEnergy

Staatsolie, Suriname’s state oil company, announced on December 15, that it has signed three production sharing contracts (PSC) for the offshore deepwater blocks 63, 64, and 65. The blocks were part of the Demerara bid round held from November 2022 to May 2023. Staatsolie said the contracts from the bids were signed after negotiations with…
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Controlled optimism in Suriname

Controlled optimism in Suriname

Report suggests more investments eyesonsuriname Amsterdam, 15 july 2023— In order to develop Suriname’s rich offshore oil potential, a higher level of financing is required and its state-owned company Staatsolie is readying itself to ensure it is prepared. Outlined in its updated 2022 Annual Report, Staatsolie said it has amended and extended its corporate loan…
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Sweet Suriname…Switie Sranan

For Whom and When ? eyesonsuriname Amsterdam, 9 May 2023– Suriname’s state oil company Staatsolie Maatschappij Suriname N.V., TotalEnergies Suriname and QatarEnergy signed production sharing contracts for offshore blocks 6 and 8 on Monday May 8, 2023. In 2021, a Shallow Offshore Bid Round was completed offshore the South American country. Production Sharing Contracts (PSCs) have already…
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Suriname Block 58

Block 58

Suriname oil finds eyesonsuriname Amsterdam, Jan 20 th 2023 – Suriname’s recent oil finds in Block 58 put the South American nation’s recoverable resource count at over five billion oil-equivalent barrels.  But that number is merely a fraction of what is believed to be held in the Suriname basin. There should be much, much more. Seismic…
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Staatsolie Suriname

Staatsolie: Seismic tests, license awards, exploration on the cards for Suriname in 2023

eyesonsuriname/af Amsterdam, 6 January 2023–Suriname’s state energy company, Staatsolie, said offshore activity is being followed with great interest both locally and internationally. In 2023, the company expects there to be multi-block exploration, seismic tests, and new license awards. Suriname’s ongoing Demerara area competitive bid round involves six deepwater blocks. The blocks lie to the east…
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Suriname oil investment

Strategic Investment Roadmap for Suriname

Revenues from the oil industry eyesonsuriname Amsterdam, 2 sept 2022–  From 2022 through 2027, Suriname’s state oil company, Staatsolie, plans to expend an estimated US$1.5 billion as part of its Investment Program, the bulk of which will be for participation in offshore development. In its updated Strategic Roadmap, Staatsolie noted too that the funds will also be used…
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