Apache’s Block 58 offers most promise for Suriname resource – Morgan Stanley - Panorama Insurance Brokers

Apache’s Block 58 offers most promise for Suriname resource – Morgan Stanley

US multinational investment bank and financial services company Morgan Stanley says despite a wave of lease awards beginning in 2010, no commercial oil resource had been discovered in offshore Suriname prior to Maka Central-1, Apache’s first exploration well on Block 58. Now, with the success of three discoveries, the last of which is seen as a major find, Apache’s operations on the block offers the most promise for Suriname offshore resource.

In recent years, Kosmos, Apache, Tullow, Petronas, and Inpex have all drilled within their respective blocks. Kosmos provided the most recent of these results in 2018, unsuccessfully drilling the Anapai-1A well in Block 45 and the Pontoenoe-1 well in Block 42. Apache drilled two unsuccessful wells in Block 53, Popokai-1 and Kolibrie-1 in 2015 and 2017, respectively.

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