Page 10 - LatAmOil Week 48 2022

LatAmOil SURINAME LatAmOil

APA and TotalEnergies find no commercial

reserves at Block 58’s Awari prospect

US-BASED APA Corp. said on November 28 the Sapakara South discovery, where they are
that it had not found oil or gas in Awari-1, an drilling the Sapakara South-2 (SPS-2) appraisal
exploration well drilled in the north-western well at a site about 4.6 km south of the Sapa-
corner of the Block 58 licence area offshore kara South-1 (SPS-1) well. They have already
Suriname. spudded the former well and intend to launch a
In a statement, APA reported that it had flow-testing programme there after they drill to
concluded drilling operations in this previously the targeted Maastrichtian-Campanian depths.
untested section of the block. It said it had deter- The results from this programme are due to be
mined that Awari-1 did not hold commercial made available next month.
quantities of hydrocarbons but did not reveal The statement did not say when flow tests
whether it intended to carry out exploration might be finished.
drilling at any other part of the prospect. TotalEnergies and APA have split equity in
To date, the US-based company and its the Block 58 project on a 50:50 basis. The French
French partner TotalEnergies, which serves as major serves as operator of the offshore site. ™
operator of Block 58, have only found oil and gas
within a specific section in the middle of their
licence area.
That section lies along the same trendline
as many of the discoveries made at Stabroek, a
neighbouring site that lies to the west of Block
58 within the Guyanese section of the Guy-
ana-Suriname basin.
Thus far, APA and TotalEnergies have found
oil and gas along that trendline within the Maka
Central, Kwaskwasi, Sapakara Central, Keskesi,
Sapakara South and Krabdagu fields. Beyond
the trendline, they have struck out at Bonboni,
where they found sub-commercial oil reserves
in 2021, and at Dikkop, where they found only
water in mid-2022, and now Awari.
According to APA’s November 28 statement,
the partners are now gearing up to flow-test ANH head Andres Bitar (Photo: Twitter/@PetroleoyGasCo)

BRAZIL
Petrobras completes transfer of 5% stake

in Búzios oilfield to CNOOC subsidiary

BRAZIL’S national oil company (NOC) Petro- production-sharing contract (PSC) covering
bras said on November 30 that it had completed surplus volumes from Búzios under the Transfer
the transfer of a minority stake in Búzios, an off- of Rights (TOR) bidding rounds.
shore oilfield in the pre-salt zone of the Santos It also said that Brazil’s Ministry of Mines and
basin, to a subsidiary of China National Off- Energy had approved the relevant amendments
shore Oil Corp. (CNOOC), one of China’s state- to the PSC on November 30, adding that the
owned majors. revised version of the contract would take effect
In a statement, Petrobras explained that immediately.
the transaction had given CNOOC Petroleum The deal raises the CNOOC subsidiary’s
Brasil Ltda (CPBL) a 5% equity stake in the equity stake in Búzios from 5% to 10%.

P10 www. NEWSBASE .com Week 48 30•November•2022