Exxon, Hess and Statoil awarded joint-production contract for block offshore Suriname

Exxon, Hess and Statoil awarded joint-production contract for block offshore Suriname

US companies ExxonMobil and Hess, plus Norway’s Statoil, have been awarded a production-sharing contract (PSC) to work an oilfield offshore Suriname.

Staatsolie, Suriname’s oil agency, granted the consortium the contract for developing Block 59.

Statoil was also awarded a sole contract for Block 60.

These contracts are being issued as part of Suriname’s “Open Door Policy Offshore Suriname”.

The waters of this area have been attracting a lot of E&P interest with Suriname’s neighbour Guyana and nearby Trinidad & Tobago hives of offshore speculation.

Suriname, in the northeast of South America and that continent’s smallest nation, was formerly called Dutch Guiana and Dutch Suriname before independence.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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