Suriname Archives - Panorama Insurance Brokers

Petrobras planning Brazil drill programme, hopes to replicate Guyana, Suriname successes

Brazilian state-led oil company Petrobras plans to drill two wells in the sensitive Foz do Amazonas Basin in an attempt to replicate the massive offshore discoveries made in neighboring Guyana and Suriname, but still needs to win permits from environmental regulators, S&P Global Platts said in an article published on Friday. “We’re waiting for licenses… Read More

Regional business groups ink MOU to enhance economic cooperation

The Georgetown Chamber of Commerce and Industry (GCCI) along with the Barbados Chamber of Commerce and Industry (BCCI) and the Suriname Trade and Industry Association (STIA) on Friday signed a Memorandum of Understanding (MoU) aimed at enhancing trade linkages and economic cooperation amongst the three sister countries. The tripartite MoU was signed during a virtual… Read More

More oil for Suriname: TotalEnergies and Apache announce new discovery

TotalEnergies and Apache Corporation have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname. This announcement follows previous discoveries at Maka Central, Sapakara West, Kwaskwasi and Keskesi. Located 4 kilometers south-east of the Sapakara West-1 discovery, Sapakara South-1 was drilled in a water depth of about 850 meters. Sapakara… Read More

New awards boost Suriname’s potential as major oil producing country, says Rystad Energy

The results of Suriname’s keenly watched shallow-water licensing round where three of the eight offered blocks were awarded to international big-name companies will soon lead to a flurry of activity off the country’s coast. One block was awarded to Chevron and two to a consortium of TotalEnergies and Qatar Petroleum (QP). The latter two blocks… Read More

Winners of Suriname bid round to submit exploration work programme – Jagesar

The companies that were successful in the recently concluded Suriname bid round are now to submit their exploration work programme the head of state oil company, Staatsolie Maatschappij Suriname N.V. told OilNOW. Chevron Exploration Suriname Limited and a consortium consisting of TotalEnergies and Qatar Petroleum had submitted the most favourable bids for shallow offshore blocks. Chevron… Read More

Head of Staatsolie encouraging Guyana to conduct basin opportunity upgrades

Annand Jagesar, Managing Director of Suriname’s state oil company, Staatsolie Maatschappij Suriname, is encouraging Guyana to pursue basin opportunity upgrades by way of independent surveys that would provide authorities with a better understanding of the prospective resources of offshore concessions. In an interview with OilNOW, Jagesar indicated that Guyana has been learning fast and doing… Read More

Guyana, T&T and Suriname can be region’s energy fulcrum, says Head of CARICOM Energy Unit

Cognizant of the massive hydrocarbon resources in Guyana, Suriname and Trinidad & Tobago, Programme Manager at the Caribbean Community’s (CARICOM) Energy Unit, Dr. Devon Gardner, believes that these three sister countries can be the fulcrum upon which the Caribbean depends on for energy security. “We think that the finds in Guyana and Suriname actually improve… Read More

Suriname oil wells show excellent properties similar to Guyana, says GlobalData

Recent exploratory success offshore Suriname, where four discoveries have been made in Block 58 in 2020, shows promise to become an oil production hot spot in the near to mid-term, according to GlobalData. The data and analytics company noted that block operators TotalEnergies and Apache Corp awarded a contract for preliminary front-end engineering design in… Read More

Rystad Energy says NPV for Suriname’s 11 active blocks will generate ‘substantial cash flows’

Norway-based Rystad Energy says the Net Present Value on projects on active blocks in Suriname will generate substantial cash flows as the South American country takes a giant leap forward with its game-changing discoveries. “These assets, when developed, could boost Suriname’s economic fortunes and generate outstanding revenue for the government,” the consultancy group said. “We… Read More

Qatar Petroleum to spend $200 million on emissions reduction technology

Qatar Petroleum, one of the latest oil and gas companies to take up acreage in the Guyana-Suriname Basin, will spend $200 million on emissions reduction technology for its North Field LNG expansion project off the north-east shore of the Qatar peninsula. This is according to the company’s bond prospectus, S&P Global Platts said in a… Read More