Exxon, Statoil, Hess secure deepwater acreage off Suriname

Blocks 59 and 60 offshore Suriname
(Courtesy Statoil)

Offshore staff

STAVANGER, Norway and IRVING, Texas – ExxonMobil Exploration and Production Suriname B.V., along with co-venturers Hess and Statoil, have signed a production-sharing contract with Staatsolie Maatschappij Suriname N.V. for block 59 in the Guyana basin.

Block 59 is 2.8 million acres (4,430 sq mi) in water depths of 2,000-3,600 m (6,562-11,811 ft), about 305 km (190 mi) offshore. The block shares a maritime border with Guyana.

ExxonMobil will operate with 33.34% interest along with consortium partners Statoil (33.33%) and Hess (33.33%).

In block 60, Statoil was awarded 100% equity interest and operatorship. Block 60 is 6,200 sq km (2,394 sq mi) in water depths of 800-1,900 m (2,625-6,234 ft), about 250 km (155 mi) offshore.

Block 60 is adjacent to Tullow Oil-operated block 54, where Statoil is a partner. Tullow is preparing to drill the Araku-1 wildcat exploration well later this year. 

In both licenses, the first exploration phase includes commitment to acquiring 2D seismic data and conducting technical studies.

07/14/2017

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