Suriname

[energy_isere]

PETRONAS Makes Oil Discovery in Suriname's Offshore Block 52

édité le 02/11/2023 - europetrole

PETRONAS’ subsidiary, PETRONAS Suriname E&P B.V. (PETRONAS Suriname E&P), has made an oil discovery at the Roystonea-1 exploration well in Suriname’s Block 52.

The well, located about 185 kilometres offshore in water depth of 904 metres, was successfully drilled to a total depth of 5,315 metres. It also encountered several oil-bearing Campanian sandstone reservoir packages. Further evaluation is being undertaken to determine the full extent of this discovery and its potential development synergy with the Sloanea-1 discovery made in 2020 within the same block.

PETRONAS Executive Vice President and Chief Executive Officer of Upstream, Datuk Adif Zulkifli said, “PETRONAS views the Roystonea-1 oil discovery as a positive development towards realising our differentiated barrel strategy for international upstream ventures, focusing on a material discovery with minimal contaminants.”

PETRONAS Vice President of Exploration, Mohd Redhani Abdul Rahman added, “The success of Roystonea-1 is expected to drive further exploration for commercially viable hydrocarbon resources in the surrounding areas. PETRONAS will continue to work closely with the host authority, Staatsolie, and partners to unlock Suriname's hydrocarbon potential. We look forward to implementing safe and successful future exploration programmes together.”

Block 52, which covers an area of 4,749 square kilometres, is located north of the coast of Paramaribo, Suriname’s capital city, within the prospective Suriname-Guyana basin. PETRONAS Suriname E&P is the operator of Block 52 with a 50 per cent participating interest.

In addition to Block 52, PETRONAS Suriname E&P operates Block 48 with 100 per cent participating interest. It is also a partner with 30 per cent non-operating participating interest in the adjacent Block 53 where the Baja-1 oil discovery was made in 2022.

This discovery is a result of PETRONAS’ ongoing efforts towards ensuring energy security to meet the growing global energy demands.

https://www.euro-petrole.com/petronas-m ... -n-i-26252

[energy_isere]

Petronas Makes Another Oil Discovery in Suriname

by Jov Onsat|Rigzone Staff|Tuesday, November 07, 2023

Petroliam Nasional Berhad (Petronas) made an oil discovery in a Suriname block co-owned with Exxon Mobil Corp., the Malaysian state-owned company has announced.

The Roystonea-1 exploration well in Block 52, operated by Petronas with a 50 percent stake, was drilled to 5,315 meters (17,437.66 feet), it said in a press release.

Drilling “encountered several oil-bearing Campanian sandstone reservoir packages”, Petronas added in the announcement on its website. The well sits about 185 meters (114.95 miles) off the coast of the Caribbean country.

It is the second discovery on Block 52, where ExxonMobil holds a 50 percent stake, after the Sloanea-1 exploration well. Sloanea-1 is Petronas’ first discovery in Suriname, the company said in a news release announcing the breakthrough December 11, 2020.

“Further evaluation is being undertaken to determine the full extent of this discovery and its potential development synergy with the Sloanea-1 discovery made in 2020 within the same block”, Petronas said of Roystonea-1.
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https://www.rigzone.com/news/petronas_m ... 7-article/

[energy_isere]

Petronas, ExxonMobil Ink Deal with Suriname on Potential Gas Development

by Jov Onsat|Rigzone Staff | Friday, March 08, 2024

Petroliam Nasional Bhd. (Petronas) and Exxon Mobil Corp. have agreed to further explore a potential gas production area offshore Suriname where the leaseholders had declared a gas discovery, albeit a commercially unattractive one, the South American country’s national oil and gas company said.
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https://www.rigzone.com/news/petronas_e ... 8-article/

[energy_isere]

Petronas, ExxonMobil Make Third Discovery in Suriname's Block 52

by Jov Onsat|Rigzone Staff | Thursday, May 16, 2024 |

Petroliam Nasional Bhd. (Petronas) has declared a third hydrocarbon discovery in Suriname’s offshore Block 52, a 50-50 co-venture with Exxon Mobil Corp.

The Fusaea 1 exploration well, spudded February, was drilled to a total depth of 5,227 meters (17,149 feet), revealing “several oil and gas-bearing Campanian sandstone reservoir packages”, the Malaysian state-owned oil and gas company said in a statement. “Further evaluation is being undertaken to determine the full extent of this discovery and its potential for an integrated development with the recent Roystonea-1 and Sloanea-1 discoveries”.
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https://www.rigzone.com/news/wire/petro ... 1-article/

[energy_isere]

Suriname Oil Discoveries Hit 2.4 Billion Barrels

By Irina Slav - May 17, 2024, 3:34 AM CDT

Crude oil discoveries in Suriname have opened access to some 2.4 billion barrels in reserves, Wood Mackenzie analysts have estimated. The consultancy also reported the South American nation holds some 12.5 trillion cubic feet in natural gas reserves.
The project closest to commercial production is a discovery made by Petronas with its partner Exxon in two Suriname blocks. According to Wood Mackenzie, production there could begin at a daily processing rate of 100,000 barrels.
There are also other discoveries in the country that were made by TotalEnergies and APA Corp that are moving towards sanctioning. TotalEnergies is expected to make the final investment decision on its project, in Block 58, by the end of this year, eyeing the start of production in 2028.

Suriname is often seen as a candidate for a repeat of Guyana’s oil boom since the two neighboring countries share one hydrocarbon basin. However, exploration efforts have taken longer in Suriname and the colossal success of Exxon with the Stabroek Block and its dozen discoveries has yet to be replicated in Guyana’s neighbor.

Petronas and Exxon specifically reported unsatisfactory results from a drilling project in Block 52 a couple of years ago. This week, however, the two struck oil in the same block, reviving hopes of an oil and gas boom in Suriname. The size of the discovery has yet to be determined but it would be the third one in the block. In total, Petronas and Exxon have tapped some 400 million barrels in reserves.

A total of nine offshore discoveries have been made in Suriname in the last six years but commercial development of any of them is still in the future. The government is eager to jumpstart its oil and gas industry and has already granted tax incentives to Petronas and Exxon for the development of their Block 52 project.

https://oilprice.com/Latest-Energy-News ... rrels.html

[energy_isere]

Totalénergies a réservé la coque de la future unité pétrolière du bloc 58, au Suriname
Totalénergies a réservé une coque Fast4Ward auprès de SBM Offshore pour la future unité de production (FPSO) du bloc 58, au Suriname.


Le futur FPSO du bloc 58, au Suriname, s’appuiera sur une coque Fast4Ward de SBM Offshore et sera doté d’une capacité de 200 000 barils par jour. | SBM OFFSHORE

Carole LANZI. Publié le 06/06/2024 Le marin

Totalénergies a réservé une coque d’unité de production et stockage de pétrole (FPSO) standardisée Fast4Ward auprès de SBM Offshore en vue du développement du bloc 58, au large du Suriname. Cette coque est en construction en Chine au chantier de Haimen de China Merchants Heavy Industry.

... abonnés

https://lemarin.ouest-france.fr/energie ... 2928859832

[energy_isere]

Staatsolie, PetroChina Ink PSCs for Suriname Blocks

by Rocky Teodoro|Rigzone Staff | Tuesday, September 17, 2024

Suriname’s state-owned Staatsolie Maatschappij Suriname N.V. and PetroChina Investment Suriname B.V. (PetroChina), a subsidiary of China National Petroleum Corporation, have signed production sharing contracts (PSCs) for offshore blocks 14 and 15 in Suriname.

PetroChina has obtained exploration, development and production rights in Block 14 and Block 15, while Staatsolie has a 30 percent participation interest through its subsidiary Paradise Oil Company N.V. (POC), it said in a news release.

POC and PetroChina will also sign a joint operating agreement (JOA), according to the release. The JOA sets out the agreements between the contract parties regarding the exploration, development and production of oil and gas, and the distribution of the costs, risks and revenues of the project, Staatsolie said.

Block 14 and Block 15 were part of the Suriname Shallow Offshore 2 Bid Round 2023-2024. The blocks are in the eastern part of the Suriname-Guyana basin and border Block 52, where oil and gas discoveries have previously been made. Block 14 has water depths of 164 to 246 feet (50 to 75 meters), and Block 15 has water depths of 246 to 492 feet (75 to 150 meters).

Staatsolie noted that it also has participation interests in blocks 5, 6, 7 and 8, which were part of the Shallow Offshore Bid Round 2020-2021 via POC.

Exploration activities in the blocks are ongoing, with recent studies showing that the geology of the Shallow Offshore looking “promising,” the state-owned company said.

With the two newly concluded PSCs, approximately 46 percent of the Surinamese offshore area is now under contract, according to the release.

Staatsolie said its strategy is to have as much of the offshore as possible under contract with international parties. The company invests in studying all data from all blocks in the Surinamese part of the Guyana-Suriname basin, which allows it to become the “Master of the basin,” meaning that it can convert data into usable information.

In June, TotalEnergies and Staatsolie said they were moving closer to a final investment decision (FID) on the development of offshore Block 58 in Suriname.

The FID is expected in the fourth quarter, while the start of production at the asset is seen in 2028, TotalEnergies said in an earlier news release.

TotalEnergies is the operator of Block 58 with a 50 percent interest, alongside APA Corporation, which also has 50 percent. Staatsolie has the option to enter the development project with up to 20 percent interest upon FID.

Some key milestones have been recently reached as the companies move towards an FID, according to the release. An agreement was concluded between Staatsolie and TotalEnergies on the field development area, maximizing the value for Suriname and the Block 58 co-venturers over the production period of 25 years. In addition, the hull for the development’s floating production storage and offloading (FPSO) unit has been secured, with a capacity of 200,000 barrels of oil per day.

TotalEnergies said that engineering studies (FEED) are progressing for the development of the Sapakara and Krabdagu fields, with combined recoverable resources estimated above 700 million barrels, due to the integration of Water Alternating Gas (WAG) injection technology to maximize recovery.

https://www.rigzone.com/news/staatsolie ... 2-article/

[energy_isere]

TotalEnergies Set to Develop $9 Billion Suriname Oil Resources

By Charles Kennedy - Sep 20, 2024

French supermajor TotalEnergies has started to scour the market for deepwater rigs and support vessels to begin development of massive resources discovered offshore Suriname, anonymous sources with knowledge of the tenders told Bloomberg on Friday.

Exploration and resource development in the Atlantic Basin is now alive more than ever, following the huge developments offshore Guyana led by ExxonMobil and the plans of TotalEnergies to tap the discovered resources in Guyana’s neighbor, Suriname.
TotalEnergies, which partners with APA Corp offshore Suriname, has already made several discoveries in the area. The companies are expected to make as early as next month the final investment decision (FID) to develop part of the resources, according to Bloomberg’s sources.

TotalEnergies has reportedly ordered a hull for a 200,000-bpd production vessel, the clearest sign yet that the French supermajor would be moving to develop the project.

“They have reserved this hull,” Annand Jagesar, managing director of Suriname’s state oil company, Staatsolie, told Bloomberg.

“You’re not going to pay a lot of money for that to have it sitting around,” Jagesar added.

TotalEnergies and APA plan to make the final investment decision on the Block 58 project by the end of 2024, targeting first oil in 2028.
Crude oil discoveries in Suriname have opened access to some 2.4 billion barrels in reserves, Wood Mackenzie analysts have estimated. The consultancy also reported the South American nation holds some 12.5 trillion cubic feet in natural gas reserves.

A total of nine offshore discoveries have been made in Suriname in the last six years but commercial development of any of them is still in the future.

Suriname is often seen as a candidate for a repeat of Guyana’s oil boom since the two neighboring countries share one hydrocarbon basin. However, exploration efforts have taken longer in Suriname and the colossal success of Exxon with the Stabroek Block and its dozen discoveries has yet to be replicated in Guyana’s neighbor.

https://oilprice.com/Latest-Energy-News ... urces.html

[energy_isere]

TotalEnergies développe un projet pétrolier de 10 milliards au Suriname

AOF 01/10/2024

TotalEnergies, la République du Suriname et Annand Jagesar, directeur général de la compagnie pétrolière nationale Staatsolie Maatschappij Suriname ont annoncé la décision finale d’investissement du projet "GranMorgu" sur le bloc offshore 58. Ce projet développera les découvertes pétrolières des champs de Sapakara et Krabdagu, qui ont fait l'objet d'une campagne d'exploration et d'appréciation positive achevée en 2023. Ces champs sont situés à 150 kilomètres au large des côtes surinamaises et contiennent des réserves récupérables estimées à plus de 750 millions de barils.

Le projet comprend une unité flottante de production, stockage et déchargement (FPSO) d'une capacité de 220 000 barils par jour, reprenant les bases de design d'unités ayant fait leurs preuves.

L'investissement total est estimé à environ 10,5 milliards de dollars et le démarrage de la production est prévu en 2028. Le FPSO de GranMorgu a été conçu pour permettre le raccordement futur de champs satellites qui lui permettront de prolonger la durée de son plateau de production.

TotalEnergies est l'opérateur du bloc 58, dont elle détient 50% aux côtés d'APA Corporation (50%). Staatsolie a annoncé son intention d'exercer son option pour entrer dans le projet de développement avec une participation jusqu'à 20%. Les partenaires ont convenu que Staatsolie finalisera sa participation avant juin 2025.

https://www.boursorama.com/bourse/actua ... bol=1rPTTE

[energy_isere]

TotalEnergies Reaches FID on GranMorgu Development in Suriname

by Paul Anderson|Rigzone Staff | Monday, October 07, 2024

TotalEnergies has reached a Final Investment Decision (FID) for the GranMorgu development in the offshore Block 58 in Suriname.

In a media release, TotalEnergies said the GranMorgu project will develop the Sapakara and Krabdagu oil discoveries, where an exploration and appraisal campaign was completed in 2023. The fields are located 150 kilometers (93.2 miles) off the coast of Suriname and hold recoverable reserves estimated at over 750 million barrels.

This project features a 220,000 barrels per day Floating Production Storage and Offloading (FPSO) unit. The total investment is estimated at $10.5 billion, with the first oil expected in 2028.

TotalEnegies said the GranMorgu FPSO is designed with future tie-back opportunities in mind, which could extend its production plateau and enhance its lifespan.

The unit features an all-electric configuration with zero routine flaring and full reinjection of associated gas in the reservoirs, reduced greenhouse gas emissions, a Waste Heat Recovery Unit, and a permanent methane detection and monitoring system.

TotalEnergies is the operator of Block 58 with a 50 percent interest, alongside APA Corp. (50 percent). Staatsolie has announced its intent to exercise its option to enter the development project with up to 20 percent interest. The partners agreed that Staatsolie will contribute to the project from FID and will finalize its interest before June 2025.

https://www.rigzone.com/news/totalenerg ... 7-article/

[energy_isere]

Petrochina signs PSCs for two shallow-water blocks offshore Suriname

Oct. 2, 2024

Staatsolie, Suriname’s state oil company, has signed production sharing contracts for two of the country’s shallow-water blocks with CNPC subsidiary PetroChina Investment Suriname.


Green areas represent blocks under contract, and the yellow areas represent Staatsolie-operated blocks. The blue region is open acreage.

Staatsolie, Suriname’s state oil company, signed production sharing contracts Sept. 13 for two of the country’s shallow-water blocks with CNPC subsidiary PetroChina Investment Suriname.

Petrochina will operate blocks 14 and 15, with Staatsolie taking a 30% share via its subsidiary Paradise Oil Co. (POC).

The two parties will also sign a joint operating agreement concerning distribution of costs, risks and revenues arising from the exploration, development and production of oil and gas.

Both blocks were offered under the Suriname Shallow Offshore 2 Bid Round 2023-2024. They are in the eastern part of the Suriname-Guyana basin and border Block 52, which contains oil and gas discoveries.

Water depths range from 50-75 m in Block 14 and 75-150 m in Block 15.

POC has further interests in blocks 5, 6, 7 and 8, all awarded under the Shallow Offshore Bid Round 2020-2021.

Roughly 46% of the Suriname’s offshore area is now under contract. Staatsolie aims to have as much of the offshore as possible under contract with international companies.

Staatsolie is using data from the various blocks across the Suriname-Guyana basin to improve its understanding of the geology and the mapping of potential areas. The goal is to boost the response to future offshore bid rounds and the chances of finding hydrocarbons.

https://www.offshore-mag.com/business-b ... e-suriname

[energy_isere]

Shearwater awarded large 3D frontier exploration survey in Suriname

édité le 06/11/2024 europetrole

Shearwater Geoservices Holding AS (Shearwater) has been awarded a large 3D seismic survey by PETRONAS in Suriname. The project, covering 6,000 square kilometres, marks the continuation of Shearwater’s commitment to PETRONAS in this frontier area having previously performed acquisition work in Block 52.

The Amazon Warrior has been allocated to the three-month project, commencing in Q4 2024.

“High-quality seismic data is a key enabler for unlocking the vast resource potential of the prolific Suriname-Guyana basin and accelerating exploration activities. Shearwater’s state-of-the-art technology and capabilities enable safe and efficient acquisition of exploration seismic data with the highest quality for our clients, supporting their ambitions in this exiting area.” said Irene Waage Basili, CEO of Shearwater.

https://www.euro-petrole.com/shearwater ... -n-i-27687

[energy_isere]

suite de 4 posts au dessus.

Pétrole/Suriname: TotalEnergies attribue trois contrats à TechnipFMC, Technip Energies et Saipem

AFP le 14 nov. 2024

Les groupes français TechnipFMC et Technip Energies ainsi que la société italienne Saipem ont annoncé jeudi avoir décroché des contrats de plus d'un milliard de dollars ou d'euros chacun auprès de TotalEnergies dans des champs de pétrole au Suriname, dans des communiqués distincts.

En octobre dernier, TotalEnergies avait annoncé un investissement "d'environ 10,5 milliards de dollars" dans l'exploitation de pétrole au Suriname, avec un démarrage de la production prévu en 2028.

Jeudi, la société italienne d'ingénierie pétrolière Saipem indique avoir remporté auprès du géant pétrolier français un contrat de 1,9 milliard de dollars pour le développement sous-marin de ce bloc 58 du projet GranMorgu, au large des côtes du Suriname.

De son côté, le groupe d'ingénierie pétrolière TechnipFMC annonce avoir remporté un "contrat majeur", ne précisant pas le montant mais indiquant que selon sa définition, "un contrat +majeur+ est supérieur à 1 milliard de dollars, ce qui représente la valeur du périmètre contractuel attribué à la société. Ce contrat sera inclus dans les commandes entrantes au quatrième trimestre 2024", selon son communiqué.

L'entreprise française indique que ce contrat d'ingénierie, d'approvisionnement, de construction et d'installation "combinera l'architecture sous-marine de pointe de TechnipFMC avec [...] les meilleures capacités de pose de conduites (sous-marines, ndlr) de Saipem".

Dans un troisième communiqué, le groupe d'ingénierie et de services Technip Energies annonce "un contrat majeur", "représentant plus d'un milliard d'euros de chiffre d'affaires" et précise qu'il construira et installera "un navire flottant de production, de stockage et de déchargement" pour le site de GranMorgu.

TotalEnergies avait indiqué en octobre que le projet GranMorgu comporterait notamment une unité de production d'une capacité de 220.000 barils par jour. Il "développera les découvertes pétrolières des champs de Sapakara et Krabdagu", à environ 150 kilomètres des côtes, les réserves étant estimées à "plus de 750 millions de barils", avait précisé le groupe.

Le pétrolier français possède plusieurs licences d'exploration au large du Suriname. "Ce projet phare est le premier développement offshore dans le pays", avait précisé en octobre Patrick Pouyanné, PDG de TotalEnergies.

https://www.connaissancedesenergies.org ... pem-241114

[energy_isere]

ExxonMobil Exits Suriname's Block 52

by Jov Onsat|Rigzone Staff | Monday, November 25, 2024

Exxon Mobil Corp. has transferred its 50 percent stake in Suriname’s Block 52 to partner Petroliam Nasional Bhd. (Petronas), the South American country’s national oil and gas company said, assuring there would be no disruption in activities.

“This withdrawal is part of ExxonMobil's ongoing evaluation of assets in its global portfolio”, Staatsolie Maatschappij Suriname NV said in a statement online.

“The production sharing contract allows parties to bring in partners to a block or transfer their interests to another party”, it added. “This is common practice in the oil and gas industry. Companies decide to partner in an area or exit based on their global portfolio and risk assessment.

“Staatsolie expects PETRONAS to continue the activities in Block 52 without interruption and is confident in the continuation of the good partnership between the two companies”.

Spanning 4,749 square kilometers (1,833.6 square miles) north of Paramaribo’s coast, Block 52 holds the Sloanea, Roystonea and Fusaea discoveries. Sloanea was announced by Malaysia’s state-owned Petronas on December 11, 2020, as the first discovery in Block 52, followed by Roystonea and Fusaea in 2023 and 2024 respectively.

On March 4, 2024, Staatsolie and the Block 52 partners agreed to further explore the Sloanea area for potential gas production.
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https://www.rigzone.com/news/exxonmobil ... 8-article/

[energy_isere]

Ce pays annonce des « royalties pour tous » avec l'argent du pétrole

AFP le 25 novembre 2024

Le président du Suriname Chan Santokhi a annoncé lundi la mise en place du programme "Royalties pour tous" (RVI) pour que chaque citoyen surinamais reçoive une part des futures redevances pétrolières du pays qui dispose de grandes réserves.

Une épargne d'une valeur de 750 dollars américains

"Des royalties pour que chaque Surinamais puisse bénéficier et profiter du pétrole et du gaz. Chaque Surinamais vivant dans notre pays reçoit une épargne d'une valeur de 750 dollars américains, avec un intérêt annuel de 7%", a annoncé lors de son discours pour la fête de l'indépendance le président de ce petit pays, ancienne colonie néerlandaise du nord-est de l'Amérique du sud.

"Vous êtes copropriétaires des revenus pétroliers" a-t-il ajouté. "Le futur pétrole ne sera pas mis en gage. Que cela soit clair (...) Il est temps de rendre au peuple et vous le récupérerez".

M. Santokhi a confié avoir reçu de nombreuses propositions concernant l'utilisation de l'argent du pétrole, et que le RVI ne sera lancé que lorsque le pétrole "du bloc 58" aura été "vendu". Le gouvernement étudie par ailleurs la possibilité que les personnes de plus de 60 ans et les personnes handicapées puissent recevoir le RVI avant 2028.

Démarrage de la production de TotalEnergies en 2028

L'ancienne colonie néerlandaise, qui dispose en théorie de grandes réserves de pétrole, a longuement attendu que des investisseurs étrangers se décident à exploiter ses champs offshore.

Début octobre, le géant pétrolier français TotalEnergies a annoncé un investissement "d'environ 10,5 milliards de dollars" avec un démarrage de la production prévu en 2028 pour le bloc 58, justement.

La manne pétrolière pourrait permettre au pays parmi les plus pauvres d'Amérique de sortir d'une crise économique qui perdure.

Le président a également annoncé que le gouvernement devait signer un protocole d'accord avec une grande entreprise d'Asie du Sud-Est concernant l'industrie de la bauxite dans la région de Bakhuys (ouest).

https://www.connaissancedesenergies.org ... ole-241125