Tag: Suriname

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New recoverable oil sources found in Suriname

New recoverable oil sources found in Suriname

Hopeful signs for the country eyesonsuriname Amsterdam, 20 may 2024–Petronas’ Roystonea-1 and Fusaea-1 discoveries in Block 52 offshore Suriname are estimated to hold recoverable resources approaching 400 million barrels, according to new numbers released by UK-based consultancy group Wood Mackenzie.  “This could be enough to support an FPSO [floating production storage and offloading vessel] with…
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WoodMac: 4.6 billion barrels of oil discovered offshore Suriname.

Plus 12.5 trillion Cubic Feet of Gas eyesonsuriname Amsterdam, 20 May 2024–The Consultancy Group of Wood Mackenzie has put Suriname’s oil resource count at more than 2.4 billion barrels and its natural gas resources at 12.5 trillion cubic feet (tcf). Based on WoodMac’s numbers, assuming one trillion cubic feet of gas equals 176 million barrels of…
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Suriname fossil fuels

Growing exploration activities  eyesonsuriname Amsterdam, 27 april 2024– Hess Corporation said exploration activities are planned this year for two Suriname blocks in which it holds stakes – Block 42 and Block 59. The note is part of the company’s annual report filed with the U.S. Securities and Exchange Commission.  Block 42’s previous operator, Kosmos Energy, had drilled…
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Guyana-shield

Oil Exploration on the Rise in the Guyana-shield

eyesonsuriname Amsterdam, 1 Feb 2024– The global upstream industry is eyeing a rebound in high-impact oil and gas drilling in 2024, with Africa and Latin America poised to be the driving forces behind these activities. According to Rystad Energy, a total of 36 high-impact wells are identified for drilling this year, marking the highest annual…
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Suriname and Guyana add 1.000.000 barrels of oil a day

Suriname and Guyana add 1.000.000 barrels of oil a day

eyesonsuriname Amsterdam, 15 Jan. 2024–The Guyana-Suriname basin is projected to add 950,000 barrels of oil per day (b/d) to market supply, with four projects to come on stream in the period 2025-2028. One floating production, storage and offloading (FPSO) vessel will start operations each year in the period. 1.  ONE GUYANA (Yellowtail project)    – Developers: ExxonMobil,…
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Suriname activist John Goedschalk is seeking 10.000 signatures to save 560,000 hectares of Suriname’s virgin rainforest.

«I will not stop. I won’t stand by as they dismantle Suriname’s forest»

Suriname activist John Goedschalk is seeking 10.000 signatures to save 560,000 hectares of Suriname’s virgin rainforest. Surinamese activist, John Goedschalk, has become acutely aware of what is happening to the beloved forests of Suriname. This awareness has grown as an international campaign unfolds, urging Suriname’s president to halt plans for large-scale agriculture that would deforest…
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Guyana welcomes massive expansion

Guyana welcomes massive expansion

Developments Galore eyesonsuriname Amsterdam, Jan 2nd 2023– The year 2024 is expected to welcome a massive expansion of operations in Guyana’s oil and gas industry. New blocks will be awarded, oil developments will advance, and the prospect of gas development will shift into focus.  Here is a list of what to expect: Signed contracts from offshore…
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Suriname Prepares for South America’s Next Big Oil Boom

Suriname Prepares for South America’s Next Big Oil Boom

eyesonsuriname Amsterdam, dec 21st 2023–After grappling with a lengthy political and economic crisis the government of Suriname pinned hopes of an economic recovery on a massive offshore oil boom. French supermajor TotalEnergies and APA Corporation have made five high-quality oil discoveries since 2020 in Suriname’s offshore Block 58. The discoveries ignited dreams of a transformational oil…
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Major wells to be targeted in Guyana, Suriname and Jamaica next year

Major wells to be targeted in Guyana, Suriname and Jamaica next year

The global landscape for high-impact wells (HIWs) in 2024 is poised for significant activity, with a predominant focus on the Caribbean, Latin America and Africa, according to a new S&P Global Commodity Insights report. This follows a successful 2023, where 32 HIWs yielded 11 discoveries, amassing an impressive 2.7 billion barrels of recoverable oil equivalent…
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TotalEnergies expansion bolsters Surinames offshore oil prospects

TotalEnergies’ expansion bolsters Suriname’s offshore oil prospects – Eyes on Suriname

TotalEnergies’ concerted efforts in expanding its portfolio in Suriname’s offshore basin, notably with the recent signing of a production sharing contract for Block 64 alongside QatarEnergy and Petronas, hold significant promise for the country’s offshore oil production landscape. Block 64, covering a vast expanse of 6,262 km2 and situated approximately 250 km offshore, marks TotalEnergies’ latest venture…
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