Fossil Energy – Suriname
Suriname’s state oil company Staatsolie plans to hold an auction for deep water offshore blocks at the end of 2022 and another for shallow water blocks in mid-2023, the company’s managing director told Reuters.
The South American nation is a small onshore crude producer that is hoping to begin offshore output but has yet to confirm billions of barrels of estimated oil and gas resources after discoveries by European, Asian and U.S. companies.
“Specifically, at the end of the year there will be a tender for the deep water … particularly in the eastern part of the deep offshore,” Annand Jagesar said in an interview with Reuters, conducted last week.
Jagesar said Suriname is still waiting for a final investment decision from TotalEnergies regarding the offshore Block 58, where the French company has been exploring. But he added that TotalEnergies has discovered sufficient crude reserves to make production worthwhile.