Suriname Archives - Panorama Insurance Brokers

Staatsolie lays out key objectives for Suriname ahead of deepwater oil production

With a string of discoveries, ongoing exploration, and multiple targets yet to be drilled, Suriname is on the verge of becoming an offshore oil producer. State oil company, Staatsolie, says it hopes to see several objectives being achieved as the country moves closer to joining Guyana as the newest deepwater oil producer in the region…. Read More

Oil spurring hope and strengthening bond between two of South America’s smallest nations

Guyana and Suriname, with populations of approximately 780,000 and 575,000 respectively, are among the smallest countries on the South American continent, both in terms of area and inhabitants. But these two small nations have now become a big deal with mega oil deposits being discovered off their shores, ushering a period of excitement and hope… Read More

South America’s emerging deepwater oil giants pledge strategic alliance

Following discussions over the last 24-hours between the newly elected Presidents of Guyana and Suriname, the two leaders announced on Sunday their intent to strengthen bilateral relations between the two South American countries that will see strategic collaboration in a number of areas going forward. “We recognize that our countries share similar challenges, circumstances and… Read More

Suriname’s world-class discoveries expected to be developed in shortest time possible: like Guyana’s Liza – Staatsolie MD

Suriname state oil company Staatsolie woud like to see the country’s deepwater discoveries move to development in the shortest time possible, similar to the Liza discovery in Guyana which operator ExxonMobil was able to move to first oil in just under 5 years. Apache, operator at Suriname’s Block 58, and JV partner Total, have made… Read More

Suriname’s Block 58 could hold 6.5 billion barrels of oil – Morgan Stanley

US multinational investment bank and financial services company Morgan Stanley says its modelling of Suriname’s Block 58 shows that it contains a potential 6.5 billion barrels of oil equivalent resources which can be developed across seven phases with first oil targeted for 2026. Kwaskwasi-1, Apache’s third and largest discovery offshore Suriname, encountered at least 278… Read More

Apache’s Q2 loss narrower than expected, sales top

(Nasdaq) Apache Corporation reported second-quarter 2020 loss per share — excluding one-time items — of 74 cents, narrower than the Zacks Consensus Estimate of a loss of 99 cents. This better-than-expected result is led by higher-than-anticipated production volumes. Precisely, the average daily production came in at 435,448 barrels of oil-equivalent per day (BOE/d), beating the Zacks Consensus… Read More

Apache announces major oil discovery at Block 58 Offshore Suriname

Third consecutive discovery offshore Suriname confirms a world-class hydrocarbon resource Kwaskwasi-1 well encountered 278 meters (912 feet) of net oil and volatile oil / gas condensate pay. Fourth exploration prospect in Block 58, Keskesi East-1, will be drilled immediately following conclusion of operations at Kwaskwasi.  Apache Corporation (Nasdaq: APA) and Total S.A. (NYSE: TOT) today… Read More

Tullow pushes back Suriname well campaign to 2021

UK-based Tullow Oil said Wednesday it will be drilling the Goliathberg-Voltzberg North prospect at Suriname’s Block 47 early next year instead of Q4 2020, as was previously announced. The prospect lies approximately 260 kilometres off the coast of the country in 1,900 metres of water and is one of a series of leads and prospects on… Read More

Suriname deepwater becoming more attractive as Guyana remains stuck in political conflict

The people of Suriname went to the polls on May 25 and a new President is now in place with a pledge to “reconstruct” the country’s natural resources. No doubt, the newly discovered petroleum resources will be a priority of the new government as it looks to develop these deepwater fields. But while Suriname’s first… Read More

In Suriname, the coronavirus pandemic dislodges a once-unmovable strongman

(World Politics Review) Any doubt that the coronavirus pandemic can transform political realities was erased Monday when one of the world’s most entrenched strongmen was formally swept out of power in the tiny South American nation of Suriname. The National Assembly, Suriname’s legislature, officially named Chan Santokhi, a former police chief who prevailed in elections… Read More