Page 12 - LatAmOil Week 08 2022

LatAmOil SURINAME LatAmOil

Kevin MacLachlan, TotalEnergies’ senior continue our exploration and appraisal strategy
vice-president for exploration, hailed the results of this prolific Block 58 in order to identify suf-
from the new well. ficient resources by year-end 2022 for a first oil
“This successful exploration well at Krab- development.”
dagu-1 is a significant addition to the discov- Equity in Block 58 is split 50:50 between
ered resources in the central area of Block 58,” TotalEnergies and APA. The French major is
he commented. “This result encourages us to serving as operator of the project. ™

Phoenix awards FEED contract for

gas and LNG hub offshore Suriname

PHOENIX Development Co. (PDC), a Hou- a Difference Ventures (MAD), a clean energy
ston-based group set up by investors from mul- investment platform based in Idaho, the plant
tiple countries, revealed on February 18 that it will use some of the gas it handles to generate
had signed a contract with Dallas-based Schwob electricity, and its net carbon dioxide emissions
Energy Services (SES) for front-end engineering will amount to zero. The facility will also include
and design (FEED) services on a gas hub and units for the production, storage and loading of
LNG plant offshore Suriname. liquid hydrogen as well as LNG, thereby giving
In a statement, PDC said SES had agreed to Suriname a means of participating in the energy
help draw up plans for the construction of the transition, it said.
hub, which will consist of delivery, storage and PDC has not revealed the value of the FEED
off-loading facilities, as well as a natural gas liq- contract, which it awarded to SES in co-opera-
uefaction plant and pipeline connections. When tion with MAD, or said exactly where it wants to
finished, it said, the deepwater hub will be able build its facilities. It did note last week, however,
to receive gas extracted from offshore fields in that the gas hub and LNG plant tied into its other
the Guyana-Suriname basin and then direct it projects in the region – namely, DWP and SEZ,
to one of two destinations. which PDC has agreed to build together with
On the one hand, PDC said, gas may be Havenbeheer Suriname, the port authority of
transferred to pipelines that can carry it to shore Paramaribo.
– specifically, to the Deep-Water Port (DWP) According to the statement, the establish-
and Special Economic Zone (SEZ) being estab- ment of the gas hub and LNG plant will help
lished along Suriname’s western coast. But on reduce the environmental impact of oil devel-
the other hand, it stated, gas may also be sent opment in the Guyana-Suriname basin by
to the gas liquefaction plant, transformed into ensuring that associated gas from local oilfields
LNG and then loaded on to tankers for export can be used rather than flared. At the same time,
to the world market. PDC said, the project will benefit Suriname’s
Initially, the company added, the LNG plant economy by providing DWP and SEZ with reli-
will consist of a single production train with a able and affordable sources of fuel and energy,
capacity of 4mn tonnes per year (tpy). Accord- a necessary condition for attracting high-value
ing to plans that PDC has drawn up with Make investors to these facilities. ™

The gas and LNG hub will help assure power supplies to the DWP and SEZ facilities (Image: Havenbeheer)

P12 www. NEWSBASE .com Week 08 24•February•2022