Page 11 - LatAmOil Week 28 2022

LatAmOil SURINAME LatAmOil

“It is a very large area that remains unlicensed,
and that is the real upside,” he was quoted as say-
ing by OilNOW.gy. “That is the real opportunity
for future activity.”
The news service noted that Suriname’s most
recent shallow-water bidding round – Shallow
Offshore (SHO), which was launched in late
2020 – had drawn relatively low interest. Only
three of the eight blocks made available to inves-
tors attracted bids, and two of those sites, Block
5 and Block 7, were eventually assigned to the
same company, Chevron (US).
Staatsolie has lamented this lack of interest,
pointing out that SHO covered acreage that
was directly in the migration pathway between
Suriname’s onshore producing oilfields and the
deepwater discoveries made at Block 58. It says
that both the onshore and offshore fields are The next deepwater bidding round is expected to cover the eastern end of the
typed to the Albian-Cenomanian-Turonian offshore zone, where most acreage remains unassigned (Image: Staatsolie)
(ACT) source kitchen.
Annand Jagesar, Staatsolie’s managing direc- These auctions will begin before the end of
tor, indicated earlier this year that the NOC 2022, while the second shallow-water bidding
would begin its next round of bidding contests round will take place around mid-2023, he told
with a licensing round covering deepwater acre- Reuters.
age in the eastern end of Suriname’s exclusive He did not say how many blocks would be Two methane plumes were noted on May 30 and June 6 (Image: Kayrros)
economic zone (EEZ). included in either licensing round. ™

TotalEnergies not yet ready

to set date for FID on Block 58

TOTALENERGIES EP, a subsidiary of the drill some additional wells before proceeding to
French major TotalEnergies, has indicated that the FID.
it is not yet ready to make a final investment Without the results of these drilling pro-
decision (FID) on the development of Block 58 grammes, which will include a number of risky
offshore Suriname. operations, TotalEnergies will not be in a posi-
According to Philippe Blanchard, the general tion to take the next step toward a decision, he
manager of TotalEnergies EP, the company will explained to OilNOW.gy earlier this week.

Krabdagu is near the eastern edge of Block 58 (Image: APA)

Week 28 14•July•2022 www. NEWSBASE .com P11