Fossil Energy – Suriname
A unit of Suriname state-owned energy company Staatsolie on Tuesday launched a competitive bidding round for 11 offshore areas in the country, with bids to be submitted through May.
The blocks, in the nearshore and shallow offshore areas, are located south of deepwater discoveries previously made in the country and north of onshore producing oilfields.
Following significant discoveries, Suriname hopes to see its first offshore oil output by 2028. A final investment decision on the country’s most promising area, block 58 operated by TotalEnergies and APA Corp, is expected next year.
Staatsolie has participation rights of up to 20% if the development plan is approved.