Wednesday, December 7, 2022

SOLD OUT: Suriname gearing up for major energy conference this week

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OilNOW
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The 2nd edition of the Suriname Energy, Oil & Gas Summit & Exhibition (SEOGS 2022) will be hosted this week in Paramaribo from June 28 to 30. The event is set to provide the opportunity to hear from government, meet the major operators, licence holders, tier one contractors, service companies and the entire value chain in Suriname’s nascent hydrocarbons sector.

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Annand Jagesar, Chief Executive Officer of Staatsolie Maatschappij Suriname, told OilNOW the growing oil and gas discoveries offshore Suriname in recent years is seeing the South American country emerging as the center of Oil & Gas activities, attracting stakeholders from across the globe.

“SEOGS 2022 will reaffirm Suriname as an upcoming oil, gas and energy global player and attractive investment destination,” Jagesar said.

Drilling operations have been ramping up offshore Suriname this year with five high impact wells being targeted by International Oil Companies (IOCs). The country’s neighbour to the east, Guyana, now holds the 17th largest oil reserves in the world as a result of a string of unprecedented discoveries made by US oil major ExxonMobil since 2015. Suriname is looking to match this success with major oil discoveries and rapid development of its own oil fields.

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“We want to amplify the message that Suriname is open for business. Also, we will promote our offshore as well as onshore open acreage, which holds great hydrocarbon potential…,” Jagesar stated.

When asked what will make this conference difference from other similar events held in the country, the Staatsolie boss said, “…it’s different because this is the first oil and gas summit that is being held in-country since major discoveries have been made offshore.”

He also pointed out that the conference is entirely sold out which underscores the growing interest in Suriname’s offshore oil and gas sector.

Since the first virtual conference last year, there has been a lot of activity (drilling, 3D seismic, increased local content delivery and readiness) and further successes offshore Suriname. Jagesar said SEOGS 2022 will be about showcasing this, and the fact the country is “seriously open for business”.

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