Tag: Guyana-Suriname Basin

The governments of Guyana and Suriname, the new oil and gas deepwater hotspots in South America, are focusing on strengthening bilateral relations and solidifying...

The projected breakeven price for development of oil fields offshore Suriname is expected to reduce in coming years as more discoveries are made, and...

Offshore exploration and production activities in South America have long been dominated by Brazil with its vast offshore pre-salt developments. State oil company Petroleo...

Of the 73 new discoveries announced this year (through October), Suriname has emerged as the number two location for the volume of oil found,...

Eight blocks covering an area of over 13,524 km2 of underexplored but highly prospective acreage in the western part of the Suriname offshore basin...

Large volumes of associated natural gas discovered with oil off the coast of both Guyana and Suriname can play a major role in the...

Suriname expects to potentially earn up to $60 billion from development of hydrocarbon resources at the three discoveries made to date offshore the South...

The appraisal programmes for Suriname’s first two deepwater discoveries have been submitted to state oil company Staatsolie as the South American country looks to...

Two months after the President of Guyana, Dr. Mohamed Irfaan Ali, and Surinamese President, Chandrikapersad Santokhi, met and agreed to cooperate in areas including...

Five years after Guyana’s first oil discovery and just weeks after production started last December, Suriname experienced a game-changer with its first...