Page 10 - LatAmOil Week 23 2021

LatAmOil SURINAME LatAmOil

“We are currently building an FPSO for the The French company has also set a target date of
Campos basin [offshore Brazil] and have been 2025 for beginning production, he added, not-
operating in the African region since 1995,” he ing that this timeline would make the project the
remarked. “We hope that we will be able to fur- second-fastest ever to reach the development
ther contribute to production of energy in these stage in the Guyana-Suriname basin.
regions through these projects and many more With respect to Block 20/11 offshore Angola,
to come.” TotalEnergies has said it wants to establish a pro-
Yinson’s announcement came shortly after duction hub to facilitate the development of the
Chandrikapersad Santokhi, the president of four oilfields discovered by Angola’s national oil
Suriname, said at an industry conference that company (NOC) Sonangol within the licence
TotalEnergies intended to make a final invest- area. The French major acquired a 50% stake in
ment decision (FID) on Block 58 in mid-2022. the block from Sonangol in 2019. ™

BRAZIL
Karoon Energy makes FID on Patola

KAROON Energy (Australia) said last week four-well intervention programme. It will then
that it had made a final investment decision be transferred to Patola once it wraps up drilling
(FID) on the development of Patola, an oil-bear- work at Baúna.
ing section of Block BM-S-40 in the Santos basin Maersk Drilling confirmed these plans,
offshore Brazil. saying in a separate statement that Karoon had
In a statement, Karoon said that the FID exercised the right to extend its contract for the
envisioned the drilling of two near-vertical use of the Maersk Developer. The extension has
development wells at the field. These wells will a “firm duration of 120 days” and is worth about
be tied into a leased floating production, stor- $27mn, the statement said. Work on the first
age and off-loading (FPSO) vessel known as well at Patola is slated to begin in the second half
the Cidade de Itajaí, it reported. This vessel has of 2022, it added.
already been installed at Baúna, another section Karoon, meanwhile, put the cost of devel-
of MB-S-40 that is adjacent to Patola, it noted. oping the Patola field at $175-195mn. It said it
The Australian company intends to use the had already spent about $17mn to ensure that it
Maersk Developer, a semi-submersible rig obtained the long-lead items in time to uphold
owned by Maersk Drilling (Denmark), to drill its development schedule and would cover the
the additional wells. The rig is currently work- remaining expenses with a combination of cash
ing in Suriname’s offshore zone but will soon flow from operations and a $160mn syndicated
be moved to Baúna, where it will carry out a loan.

Tie-ins will link wells at Patola with the Cidade de Itajaí FPSO (Image: Karoon Energy)

P10 www. NEWSBASE .com Week 23 10•June•2021