Suriname launches offshore oil and gas bid round

Suriname

PARAMARIBO, November 11, 2022 – Suriname has launched a bid round for six offshore oil and gas concessions, the national market regulator announced on Tuesday.

Staatsolie Maatschappij Suriname has put blocks 63, 64, 65, 66, 67 and 68 on offer.

The plays cover an area of around 44,000 square kilometres and sit in water depths of 400 metres to 3,500 metres just east of major discoveries made by TotalEnergies and APA Corporation on Block 58 in 2021.

Four wells have been drilled on the offered blocks in the past, including Araku-1 drilled by Tullow Oil in 2017, Anapie-1 drilled by Kosmos Energy in 2018 and Goliathberg Voltzberg North-1 drilled by Tullow Oil in 2021.

According to the regulator, the plays hold a resource potential of 41 billion barrels of oil.

Data on the acreage will be available on November 28, 2022, and close the following April.

Bids must be submitted by May 31, 2023.

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