Qatar Petroleum-Total consortium wins two offshore exploration blocks in Suriname

By Shilpa Annie Joseph, Official Reporter
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A consortium including Qatar Petroleum has been awarded two offshore blocks in Suriname, under Production Sharing Contracts as part of the latest Suriname offshore bid round.

The license to explore shallow water blocks 6 and 8, which are immediately close to the prolific Block 58 discoveries, was given to a consortium consisting of Qatar Petroleum (20 percent), TotalEnergies (40 percent), and Staatsolie (40 percent).

The winning bids in the competitive rounds were declared by Suriname’s State Oil Company, Staatsolie. “The trio, including US-based Chevron for block 5, submitted “most favorable” bids for the necessary blocks in the SHO Bid Round 2020/2021, which ended on April 30,” Staatsolie commented.

“Staatsolie and the successful bidders are now in the process of concluding Production Sharing Contracts (PSCs) for the relevant blocks and will make further announcements once the PSCs are awarded,” the company further added.

Saad Sherida Al-Kaabi
Saad Sherida Al-Kaabi
CEO – Qatar Petroleum

“We are pleased to be awarded exploration rights in blocks 6 and 8, and this represents Qatar Petroleum’s first entry into Suriname. This successful result also increases our presence in the Guyana-Suriname Basin and further strengthens Qatar Petroleum’s footprint in Latin America, marking yet another successful step towards realizing our international growth ambitions. I would like to take this opportunity to thank the Surinamese authorities for a comprehensive and efficient tender process, as well as our strategic partner, TotalEnergies, for their excellent cooperation in achieving this result.”

The blocks are located in the west of the Shallow Offshore area, south of the recent deepwater discoveries made in Block 58, and northwest of the onshore producing fields. The two blocks cover a combined area of approximately 2,750 square kilometers.

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