Suriname closes oil drilling deal for later this year . Apache (APA), which has mostly drilled on land in the U.S., announced a “significant oil discovery” off the coast of Suriname, which is next to Guyana to the southeast. Apache Corp and Total SA said on Tuesday they had made a major oil discovery in a closely watched area off the coast of South America's Suriname, sending Apache's shares surging nearly 27%. Like . This is positive news for Suriname and is likely to boost investment in the oil industry. The discovery of a significant oil field off the coast of Suriname has grabbed headlines in the past few weeks. The discovery of the Maka field in offshore Suriname will become one of the main upstream stories of 2020, bringing Suriname onto the international oil map, potentially spawning a … Having gone almost entirely unnoticed in the global oil … Suriname has not made any commercially viable offshore oil discoveries so far. Apache Corp and Total SA said on Tuesday they had made a major oil discovery in a closely watched area off the coast of South America's Suriname, sending Apache's shares surging nearly 27%. Since that time ExxonMobil, in partnership with Hess and CNOOC Nexen, has made multiple discoveries amounting to more than 3.2 billion barrels of recoverable oil. Hopes of a major offshore oil discovery in Suriname have risen in recent years following the 2015 world class Liza discovery made by ExxonMobil in neighboring Guyana.

The discovery of the Maka field in offshore Suriname will become one of the main upstream stories of 2020, bringing Suriname onto the international oil map, potentially spawning a new race for the Dutch-speaking country’s still unallotted license blocks and concurrently boosting the investment potential of Guyana (which will see the commissioning of Liza within a couple of months).

For Guyana, the question of setting up an oil refinery becomes more tenable given that Suriname may have considerable raw oil of it’s own. The joint operators announced the find, which is located in Block 58. by Nicholas Withers.

Apache and Total announce new Suriname oil discovery. The oil discovery in Suriname is good news for the country. The semi-submersible rig Mærsk Developer. By Stabroek News. It will however take at least 5 years for develop the resource commercially. July 10, 2020. 03/04/2020. Following their successful initial discovery offshore Suriname in January, Total and Apache Corporation have announced a second successful find from the Sapakara West-1 well drilled in Block 58. Apache (APA), which has mostly drilled on land in the U.S., announced a “significant oil discovery” off the coast of Suriname, which is next to Guyana to …

Oil and gas company Apache has announced it has made a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on Block 58. Analysis. On January 7th US oil firm Apache and France's Total announced a significant oil discovery at the Maka Central‑1 offshore well in Suriname. The discovery of the Maka field in offshore Suriname will become one of the main upstream stories of 2020, bringing Suriname onto the international oil map, potentially spawning a new race for the Dutch-speaking country’s still unallotted license blocks and concurrently boosting the investment potential of Guyana (which will see the commissioning of Liza within … The discovery of the Maka field in offshore Suriname will be one of the most important upstream stories of 2020 that will put Suriname on the international oil map and possibly spawn a new breed for the still unallocated license blocks of the Dutch-speaking country and at the same time the investment potential of Guyana (Liza will be operational in a few months). The well was drilled using the drillship Noble Sam Croft with Apache as operator holding a 50% working interest and Total holding a 50% working interest, Apache said on Tuesday. Interestingly, Suriname borders the similarly small nation of Guyana, where ExxonMobil, in partnership with Hess and CNOOC, has made several major new oil … Follow.