Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

  • HOME
  • ADVERTISE WITH US
  • FREE SUBSCRIPTIONS
    • Digital Newsletter
  • MUST READ ARTICLES
  • CONTACT

QatarEnergy takes share of Chevron-operated block offshore Suriname

Friday, July 19 2024

Fossil Energy – Suriname

QatarEnergy has signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for block 5 offshore Suriname.

(Credit: QatarEnergy)

Under the signed agreement, Chevron as the operator will retain a 40% interest, while Paradise Oil Company, an affiliate of Suriname’s national oil company Staatsolie, will own the remaining 40%.

Block 5 is located offshore Suriname in shallow water depths of about 30-45 meters. The license is currently proceeding to its second exploration phase with a commitment to drill an exploration well.

“This agreement highlights our continued commitment to exploring the promising basins of Suriname and marks an exciting new partnership with Chevron in the international upstream sector. We are pleased to conclude this acquisition with our partners and look forward to working with them in block 5, offshore Suriname. I would like to take this opportunity to thank the authorities of the Republic of Suriname, and our partner Chevron for their support in reaching this agreement,” said Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy.

Related posts:

  1. Six offshore blocks to be offered in next Suriname bid round
  2. Suriname signs offshore production sharing contracts
  3. Suriname state-oil firm says Petronas exploration well shows promise
  4. Noble and Petronas Suriname agree rig swap offshore Suriname

Filed Under: Chevron, International News, QuatarEnergy, Suriname Tagged With: Chrevron, QatarEnergy, shares, Suriname

All rights reserved - 2025 cookies