Suriname inviting bids for open acreage
Staatsolie plans to launch an Open-Door offer in November for open exploration acreage offshore Suriname, the state-owned company reported Aug. 26.
Interested applicants will be encouraged to choose an area and opt for either a joint study agreement/technical evaluation agreement or a production sharing contract (PSC).
Full details will be confirmed on Nov. 24.
Latest activity offshore Suriname
In July, Hess (Suriname II) Exploration Ltd. relinquished its interest in Block 59 offshore Suriname. The block returned to Staatsolie and became part of the open acreage.
Hess fulfilled its minimum work obligations and has decided not to move forward to the next phase of the exploration period, which concluded on July 8, 2025.
In mid-June, Staatsolie signed a PSC for deepwater Block 66 offshore Suriname with PETRONAS Suriname E&P B.V. and Paradise Oil Co. Petronas will operate with 80%. Paradise Oil Co., a subsidiary of Staatsolie, has the remaining 20%.
The partners have committed to drilling two exploration wells in more prospective parts of the block during the first phase of the exploration period.
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About the Author
Jeremy Beckman
Editor, Europe
Jeremy Beckman has been Editor Europe, Offshore since 1992. Prior to joining Offshore he was a freelance journalist for eight years, working for a variety of electronics, computing and scientific journals in the UK. He regularly writes news columns on trends and events both in the NW Europe offshore region and globally. He also writes features on developments and technology in exploration and production.