Tag: Guyana-Suriname Basin
45 wells drilled over a span of almost 50 years before...
Before 2015, offshore Guyana was considered a “high-risk frontier basin” with 45 wells drilled over a span of 50 years resulting in no commercial...
Suriname deepwater becoming more attractive as Guyana remains stuck in political...
The people of Suriname went to the polls on May 25 and a new President is now in place with a pledge to “reconstruct”...
Guyana in ‘Golden Triangle’ of mega oil reserves
Guyana falls within the Golden Triangle of mega oil reserves along with countries such as Brazil, Venezuela and Nigeria, and producers in the US...
Apache spuds 3rd Suriname well as search for more crude intensifies
Apache Corporation and Total S.A have spudded their third well offshore the South American country of Suriname. The two companies each hold 50% interest...
Guyana-Suriname basin stratigraphic traps delivering multi-billion barrel pay – Westwood
More oil and gas were discovered in stratigraphic traps than any other trap type in the last decade and the Guyana-Suriname basin remains one...
Suriname aiming to become offshore oil producer in 5 to 6...
Suriname’s first major offshore oil discovery at the Maka Central-1 field in Block 58 could move to production in 5 to 6 years and...
Suriname’s Maka well can bring US$50M per year in revenue
The Maka Central-1 discovery has the potential to bring more than US$50m in revenue per year to the Surinamese Government if it sees similar...
Apache targeting 3rd Suriname well after Sapakara campaign ends
Apache Corporation (NYSE, Nasdaq: APA) said on Thursday that multiple actions are being taken in response to the current oil price environment. The company reduced...
Tullow to drill Suriname well in Q4 2020, remains hopeful of...
UK-based Tullow Oil has confirmed that it will drill the Goliathberg-Voltzberg North prospect at Suriname’s Block 47 this year. The prospect lies approximately 260 kilometres...
Not all discoveries are developed, success not guaranteed – Bernstein analyst
An analyst at private wealth management company, Bernstein, says offshore exploration and production activities, including campaigns in the Guyana-Suriname basin where US oil major...