Fossil Energy – Suriname
U.S. oil producer Hess Corp has decided to withdraw from Suriname’s offshore Block 59, the South American nation’s state oil firm Staatsolie said.
“Hess has fulfilled its minimum work obligations and decided not to proceed to the next phase of the exploration period ending July 8, 2025,” Staatsolie said in a statement.
Hess did not immediately respond to a Reuters request for comment.
ExxonMobil and Equinor had a year earlier exited from the block feeling there was too much risk involved in drilling an exploration well, and Hess had since then been unable to find new partners to explore the block, it added.
Block 59’s sea depth ranges between 2,700 and 3,500 meters, Staatsolie said, and Hess’ former partners had left after collecting seismic data necessary for developing a viable oil field in the far north-western part of Suriname’s marine area.
