ExxonMobil’s decision to withdraw from its 50% stake in Suriname’s offshore Block 52 marks a key turning point for the company’s operations in the Suriname-Guyana basin. The block, widely regarded as a high-potential asset for hydrocarbon exploration, has now transitioned fully into the hands of its operator, Malaysian state-owned oil company Petronas. This change, formalised […]
The development of Suriname’s GranMorgu offshore oil field has taken a monumental step forward as TotalEnergies awarded multiple high-profile contracts for the project. With significant roles entrusted to Technip Energies, TechnipFMC, and Saipem, this initiative is poised to reshape Suriname’s energy landscape while advancing sustainable offshore oil production. Major contracts signal commitment to sustainability Technip […]
TotalEnergies, in partnership with APA Corporation and Staatsolie, has officially approved the Final Investment Decision (FID) for the $10.5 billion GranMorgu oil development offshore Suriname. This transformative project will develop the Sapakara South and Krabdagu oil discoveries located in Block 58, 150 kilometers off Suriname’s coast. The GranMorgu venture is poised to be a game-changer, […]
During the 2024 Suriname Energy Oil and Gas Summit, significant advancements were announced concerning the development of offshore Block 58. Senior Vice President Americas, Exploration & Production at TotalEnergies, Javier Rielo, alongside Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V., shared details about the upcoming Final Investment Decision (FID) expected in the fourth quarter of […]
TotalEnergies, in partnership with QatarEnergy and Petronas, has signed a production sharing contract for Block 64 with Staatsolie Maatschappij Suriname, the state-owned oil company of Suriname. This contract follows the successful bid in the 2022-2023 round organized by Surinamese authorities. Strategic Partnership in Block 64 TotalEnergies will operate the block with a 40% interest, accompanied […]
In a significant advancement for Suriname’s hydrocarbon sector, Petronas has announced a new oil discovery within offshore Block 52 following the successful drilling of the Roystonea-1 exploration well. This promising find was made by Petronas Suriname E&P, a subsidiary of the Malaysian energy giant. Suriname’s Hydrocarbon Landscape Bolstered by New Oil Find in Block 52 […]
Canadian gold miner IAMGOLD Corporation has agreed to sell its 95% interest in Rosebel Gold Mines to Chinese mining company Zijin Mining Group for $360 million in cash. The transaction also consists of the release of equipment lease liabilities worth approximately $41 million of IAMGOLD. The Government of Suriname owns the remaining 5% stake in […]
Baja oil discovery in Suriname: Petronas said that its subsidiary Petronas Suriname E&P (PSEPBV) has announced an oil discovery in Suriname through the drilling of the Baja-1 exploration well in offshore Block 53. According to the Malaysian oil and gas company, the Baja-1 well is situated nearly 189km off the coast of Suriname at a […]
Maersk Drilling has bagged a contract extension worth around $24.3 million for its Maersk Valiant drillship from TotalEnergies for drilling an additional well in Block 58 offshore Suriname. The contract extension is the result of TotalEnergies E&P Suriname, Suriname Branch exercising an option to add the drilling of an additional well. It is estimated to […]
Kosmos Energy has signed a deal worth up to $200 million with Dordtsche Petroleum Maatschappij (Shell), a fully-owned subsidiary of Royal Dutch Shell, to farm down interests in a portfolio of frontier exploration assets in Africa. The consideration for the US oil and gas company is made up of an upfront payment of nearly $100 […]