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The third appraisal well drilled at the block was while Fangtooth-1 will target deeper layers, he
Koebi-1, which was chosen for the purpose of said. Once these shafts are completed, he added,
determining the extent of the petroleum sys- the next round of drilling will focus on deeper
tem’s upper Campanian layer, Hill said. This targets in the lower Campanian and upper San-
well turned out to contain non-commercial tonian layers.
hydrocarbons, so the partners have high hopes Hess is a non-operating partner in the
for the fourth appraisal well, which will target Stabroek project, as is China National Offshore
the Whiptail field, he stated. Oil Corp. (CNOOC), while US-based Exx-
The fourth well will focus on an area that onMobil is serving as operator. The partners
appears to hold large amounts of oil, located to have already made 20 discoveries at the block,
the west of Uaru and to the east of Yellowtail. which is estimated to comprise more than 9bn
“Obviously, if that is successful, that could be barrels of oil equivalent (boe). They began using
potentially [phase] six and displace Longtail,” the Liza Destiny, a floating production, storage
he commented. and off-loading (FPSO) vessel, to extract oil
He went on to name the group’s next explora- from Liza-1 and will use a second FPSO, the
tion targets as the Cataback, Pinktail and Fang- Liza Unity, to bring Liza-2 on stream next year.
tooth sections of Stabroek. The Cataback-1 and Payara is then slated to begin production in
Pinktail-1 wells will target the Campanian play, 2024, and Yellowtail will follow suit in 2025. ™

SURINAME
Chevron, TotalEnergies, Qatar Petroleum

submit top bids for shallow-water blocks

SURINAME’S national oil company (NOC)
Staatsolie has concluded the Shallow Offshore
Bid Round by awarding three shallow-water
offshore blocks to Chevron (US) and a consor-
tium set up by TotalEnergies (France) and Qatar
Petroleum.
Staatsolie named Chevron and the con-
sortium as the winning bidders in the licens-
ing round on June 18. It reported that the US
company had submitted the best offer for the
shallow-water site known as Block 5, while
TotalEnergies and Qatar Petroleum had made
the best offers for Blocks 6 and 8.
The NOC did not divulge the terms of these
bids, but it did say that it had begun negotiations
with the companies. “Staatsolie and the success-
ful bidders are now in the process of concluding
production-sharing contracts (PSCs) for the rel-
evant blocks and will make further announce-
ments once the PSCs are awarded,” it explained.
The company opened the bidding contest Potential investors submitted bids for Blocks 5, 6 and 8 (Image: Staatsolie)
late last November and stopped accepting offers
on April 30 of this year. It intends to take a 20% the only source of domestic crude production,
equity stake in each new PSC it signs and will and the deepwater resources discovered off-
require investors to collect 3-D seismic data shore at Block 58, which TotalEnergies is devel-
from their licence areas during the first phase oping together with Apache (US). Both the
of exploration, before proceeding to exploration onshore and offshore fields have been typed to
drilling in the second phase. the Albian, Cenomanian and Turonian (ACT)
According to previous reports, Suriname source kitchen.
received 10 bids for three of the eight blocks To date, five oilfields have been discovered
included in the Shallow Offshore Bid Round. offshore Suriname. They are Maka Central,
All three of the blocks that drew bids lie directly Sapakara, Kwaskwasi and Keskesi at Block 58,
within the migration pathway between the operated by TotalEnergies, and Sloanea at Block
country’s onshore oilfields, which are currently 52, operated by Petronas (Malaysia). ™

Week 25 24•June•2021 www. NEWSBASE .com P9