Infographic: Chevron’s strategic takeover in Suriname and Guyana

Suriname

In October 2023, Chevron entered an agreement to fully acquire Hess Corporation in a deal valued at USD 60 billion including debt.

Along with assets in the USA, the acquisition will see Chevron take over Hess Corporation’s 33.33% interest in Suriname’s offshore Block 59 and its 30% stake in the nearby Stabroek block offshore Guyana.

The acquisition has given Chevron a powerful position in the Guyana-Suriname offshore, where it now holds the following interests:

• 40% in Suriname’s Block 5
• 80% in Suriname’s Block 7
• 66.6% in Suriname’s Block 42
• 33.3% in Suriname’s Block 59
• 30% in Guyana’s Stabroek block

Read our latest insights on:

• Guyana
• Suriname