Statoil makes initial entry to Surinam exploration
Statoil has acquired 30% participation in block 47 offshore Surinam from Tullow Oil.
STAVANGER, Norway – Statoil has acquired 30% participation in block 47 offshore Surinam from Tullow Oil. Tullow remains the operator and has 70% interest. The agreement is pending approval from Staatsolie Maatschappij Surinam, the state oil company.
Block 47 lies in a frontier area in the Guyana basin. The license is 270 km (168 mi) north of mainland Suriname, with a water depth of between 1,300 and 3,000 m (4,265 and 9,842 ft).
The next step according to Statoil is to acquire and interpret seismic data to mature the acreage further.