Page 12 - LatAmOil Week 29 2021

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The port will eventually be able to provide Business Solutions (MTBS), a Dutch consul-
support to international oil companies (IOCs) tancy, it will only be able to offer services for one
working offshore Guyana and Suriname. well in its first few months of operations. By the
According to a market assessment study end of 2023, though, it will be capable of sup-
drawn up for CGIE by Maritime & Transport porting work at seven to 12 offshore wells. ™

SURINAME
Staatsolie urges Guyana to support efforts

to gather and share offshore seismic data

ANNAND Jagesar, the managing director of In the meantime, Guyana’s Department of
Suriname’s national oil company (NOC) Staat- Energy has indicated that it wants to collect
solie, has urged Guyana to promote efforts to more 2-D and 3-D seismic data from the coun-
gather and share more seismic data from the try’s offshore zone. In August of last year, the
Guyana-Suriname offshore basin. department said it was moving forward with
Jagesar told OilNOW.gy in an interview ear- plans to select a contractor to carry out surveys
lier this week that Guyana had made a great deal that will support the development of new data
of progress on the development and manage- packages on offshore licence areas.
ment of the domestic oil industry. He argued, The department also said at the same time
though, that the country could do better if it that the 3-D seismic surveys would target Block
took steps to develop a better understanding of C, an ultra-deepwater site. The results of this
the geology of its offshore zone. survey will help assess the exploration potential
One way to achieve this goal is to share the of the block and determine whether it should be
information collected during seismic surveys, divided or offered as a single unit. ™
he said. Encouraging upstream operators to
collaborate during the exploration of multiple
offshore blocks and to share seismic data with
the relevant stakeholders and government agen-
cies is a “very cost-effective” means of building a
complete picture of the offshore zone, he added.
Jagesar did not say whether Staatsolie or
the Surinamese government was pursuing any
specific proposals related to the sharing of seis-
mic data. Guyana and Suriname have been dis-
cussing various options for co-operation in the
energy sector. They have pledged to join forces
to develop local content policies and to build
local capacity, OilNOW.gy noted. More than 20 oilfields have been found in the basin (Image: Staatsolie)

ARGENTINA
YPF, Vista aim to reduce emissions

while developing Vaca Muerta fields

REPRESENTATIVES of the two main compa- development projects.
nies working in Argentina’s Vaca Muerta shale One of the speakers was Pablo Iuliano,
formation said at a seminar last week that they vice-president for upstream unconventional
were working to reduce their net carbon dioxide projects at Argentina’s national oil company
emissions as they moved forward with upstream (YPF), the largest Vaca Muerta producer.

P12 www. NEWSBASE .com Week 29 22•July•2021