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Economic crisis prompts a showdown and a shutdown in Suriname

(New York Times) Suriname ground to a halt on Wednesday as its banks, shops and factories shuttered in a showdown between its beleaguered private...

Staatsolie issues US$195 million international bond ahead of anticipated offshore oil...

Suriname state oil company Staatsolie Maatschappij Suriname N.V. has issued a US$195 million bond in Suriname and Curaçao. This bond issuance, executed on March...

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...

Apache second well offshore Suriname looking favourable

Following a significant discovery at the Maka Central-1 well at Block 58 offshore Suriname, Apache Corp. is now gunning for oil at a second...

Over 50 prospects identified on Suriname’s Block 58

Apache Corporation has identified over 50 prospects on Block 58 offshore Suriname where it has made the first deepwater discovery in the South American...

Block 58 explorers look to Sapakara for continued success offshore Suriname

Apache and Total, 50-50 partners in Suriname’s Block 58, said their next well – Sapakara West-1 - will test the same-aged upper Cretaceous intervals...

Suriname refinery to shut down for 40 days

Suriname state oil company Staatsolie Maatschappij will undertake a major maintenance operation at its Tout Lui Faut Refinery, located 20km south of Paramaribo in...