SURINAME'S state-owned oil company Staatsolie has signed production sharing contracts for two shallow-water offshore blocks with French oil giant Total-Energies and Middle East player QatarEnergy. Staatsolie confirmed the development on Monday and said the PSCs granted exploration, development and production rights for Blocks 6 and 8. The exploration period for the two tracts will last six years, with TotalEnergies and QatarEnergy bearing all costs during the block's exploration phase. The first exploration well in the two acreages is likely to be "drilled in the third or fourth year", according to Staatsolie. The two blocks, covering more than 2750 square kilometres, were awarded in 2021, as a part of Suriname's shallow-water bid round and negotiations held since then have led to finalisation of the contracts.
展开▼
