Total E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional appraisal well in Suriname’s Block 58 to the work scope of the semi-submersible rig Mærsk Developer.
Mærsk Drilling said Wednesday the contract extension has an estimated duration of 100 days, with work expected to commence at the end of May in direct continuation of the rig’s previously agreed work scope.
The contract value of the extension is approximately US$20 million, including integrated services provided.
Total and partner Apache have made 4 discoveries at Block 58 since January 2020 – Maka Central-1, Sapakara West-1, Kwaskwasi-1, and Keskesi East-1.
Total recently confirmed that plans are underway to begin developing oil fields at Block 58 as early as 2025, around five years after the Maka Central-1 discovery. If successful, this would mark the second fastest development ramp up in the Guyana-Suriname basin since U.S. oil major ExxonMobil hit first oil at the Liza field in Guyana in December 2019, just under five years from its first discovery in 2015.
Block 58 comprises 1.4 million acres and offers significant potential beyond the discoveries made to date. Apache and Total have identified at least seven distinct play types and more than 50 prospects within the thermally mature play fairway.