S&P Global The global landscape for high-impact wells (HIWs) in 2024 is poised for significant activity, with a predominant focus on the Caribbean, Latin America and Africa, according to a new S&P Global Commodity Insights report. This follows a successful 2023, where 32 HIWs yielded 11 discoveries, amassing an impressive 2.7 billion barrels of recoverable…
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TotalEnergies’ concerted efforts in expanding its portfolio in Suriname’s offshore basin, notably with the recent signing of a production sharing contract for Block 64 alongside QatarEnergy and Petronas, hold significant promise for the country’s offshore oil production landscape. Block 64, covering a vast expanse of 6,262 km2 and situated approximately 250 km offshore, marks TotalEnergies’ latest venture…
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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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Now the rest eyesonsuriname Amsterdam, 12 dec 2023– Since the recent oil discoveries in the Guyana-Suriname Basin and Guyana’s colossal oil boom and skyrocketing economic growth, Suriname is impatiently watching this mouthwatering opportunity that is presented to them as well. With TotalEnergies and Apache offshore oil discoveries in Block 58, Suriname became more optimistic about…
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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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eyesonsuriname Amsterdam, 15 nov 2023– according to the United States Geological Survey, an estimated 13.6 billion barrels of oil and 32 trillion cubic feet of natural gas could lie in the Guyana-Suriname Basin, making it the 2nd most prospective, underexplored offshore oil basins in the world. Experts have long suspected that the basin may share a similar…
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Fitch Ratings – New York – 16 Jul 2020: Fitch Ratings has upgraded Suriname’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CC’ from ‘RD’. Fitch has also upgraded the issue rating on Suriname’s 2023 notes to ‘CC’ from ‘D’. KEY RATING DRIVERS The upgrades follow the completion of the “consent solicitation” to reschedule the principal…
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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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The carbon negative South American country bides its time ahead of potential oil boom The FDI angle: In early June, Suriname’s state-owned company Staatsolie hosted an energy, oil and gas summit in the capital, Paramaribo. The aim was to “bring Suriname to the attention of the world” and promote investment into the country’s nascent offshore…
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Ken Silverstein Mr. October is on deck. Marciano Dasai, Suriname’s minister of spatial planning and environment, spoke at Climate Week in New York and is pitching 4.8 million carbon offsets to the real heavy hitters — the rich nations responsible for most of the globe’s CO2 emissions. It’s the World Series of carbon finance — a potential…
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