Exxon, Statoil, Hess secure deepwater acreage off Suriname

ExxonMobil Exploration and Production Suriname B.V., along with co-venturers Hess and Statoil, have signed a production-sharing contract with Staatsolie Maatschappij Suriname N.V. for block 59 in the Guyana basin.

Blocks 59 and 60 offshore Suriname
Blocks 59 and 60 offshore Suriname

Offshore staff

STAVANGER, Norway and IRVING, Texas– ExxonMobil Exploration and Production Suriname B.V., along with co-venturers Hess and Statoil, have signed a production-sharing contract with Staatsolie Maatschappij Suriname N.V. for block 59 in the Guyana basin.

Block 59 is 2.8 million acres (4,430 sq mi) in water depths of 2,000-3,600 m (6,562-11,811 ft), about 305 km (190 mi) offshore. The block shares a maritime border withGuyana.

ExxonMobil will operate with 33.34% interest along with consortium partners Statoil (33.33%) and Hess (33.33%).

In block 60, Statoil was awarded 100% equity interest and operatorship. Block 60 is 6,200 sq km (2,394 sq mi) in water depths of 800-1,900 m (2,625-6,234 ft), about 250 km (155 mi) offshore.

Block 60 is adjacent toTullow Oil-operated block 54, where Statoil is a partner. Tullow is preparing to drill the Araku-1 wildcat exploration well later this year. 

In both licenses, the first exploration phase includes commitment to acquiring 2D seismic data and conducting technical studies.

07/14/2017

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