Suriname is attracting major upstream interest
TotalEnergies announces ‘significant’ Suriname discovery
The news again highlights Suriname’s potential as a frontier basin
TotalEnergies has made “a significant new oil and associated gas discovery” off the coast of Suriname at the Krabdagu-1 well in block 58. TotalEnergies operates the block with a 50pc stake, while the Nasdaq-listed APA Corporation—which counts the North Sea-focused independent Apache as one of its subsidiaries—holds the rest. The partners’ latest find follows a string of other exploration successes in the block, comprising discoveries at the Maka, Sapakara, Kwaskwasi and Keskesi drill sites. The “result encourages us to continue our exploration and appraisal strategy of this prolific block 58 to identify sufficient resources by year-end 2022 for a first oil development”, says Kevin McLachlan,
Also in this section
11 September 2024
But the young nation may have to go through a fallow period before that project comes online as the Bayu-Undan field nears exhaustion
10 September 2024
The August/September issue of Petroleum Economist is out now!
10 September 2024
The third part in the second chapter of our history of oil looks at the US shale revolution and ‘declaration of cooperation’ that created OPEC+
9 September 2024
We pick up the story of the history of oil with the response of consumer countries to the 1973 embargo, with the creation of the IEA proving the adage that every action has a reaction
