Suriname's Staatsolie will launch an offer for offshore oil fields in November
Suriname's state-owned oil company Staatsolie announced on Tuesday that it will offer an "open door" in November for the exploration and evaluation of offshore areas. The small South American country is seeking partners and funding for an oil and natural gas boom, which they hope to achieve. The country is expecting to start offshore oil and natural gas production by 2028, following a successful investment decision for the flagship 12 billion dollar Gran Morgu project, between TotalEnergies, APA Corp, and Staatsolie. Suriname, unlike its neighbor Guyana where the Exxon Mobil consortium controls all production, wants to diversify its energy sector. To do this, it is promoting partnerships with companies from Europe, Asia and the U.S. Following bidding rounds, areas have been allocated to companies currently exploring. In June, Petronas and Staatsolie signed a contract to share production in Block 66 located in the western portion of the Suriname/Guyana Basin. This brings the number of areas Petronas participates in up to six. Staatsolie announced that companies can choose between technical evaluation agreements and production-sharing contracts in the upcoming round of offshore acreage.
The full details of the offer will be released on November 24, added Staatsolie. Ank Kuipers, Daina Beth Sola and Lisa Shumaker edited the article.
(source: Reuters)
