CEPSA farms into Suriname block 53

Offshore staff

HOUSTON -- Apache Corp. reports  that CEPSA Suriname SL has farmed in to a 25% participating interest in Suriname's block 53, an 867,117-acre (3,509 sq km) area located in 1,640–5,900 ft (500–1,800 m) of water about 80 mi (130 km) offshore.

In 2012, Apache Suriname Corp. LDC, an Apache subsidiary, signed a production sharing contract for block 53 with Staatsolie Maatschappij Suriname NV (the Surinamese national oil company). The block 53 work program includes a 3D seismic program and two exploration wells. Apache retains a 75% participating interest in the block, while Staatsolie has an option to obtain a 20% participating interest in commercial fields discovered on the block.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...