A consortium including Qatar Petroleum has been awarded two offshore blocks in Suriname, under ‘production sharing contracts’ as part of the recent Suriname offshore bid round.
The winning bids in the competitive round were announced by Suriname’s state oil company, Staatsolie.
A consortium comprising QP (20%), TotalEnergies (Operator, 40%) and Staatsolie (40%) were awarded the right to explore shallow water blocks 6 and 8, which are immediately adjacent to the prolific block 58 discoveries.
Commenting on this occasion, HE the Minister of State for Energy Affairs, Saad bin Sherida al-Kaabi, also the President and CEO of QP, said, “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 realising our international growth ambitions.”
Al-Kaabi added, "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 co-operation in achieving this result.”
Located in the southern part of offshore Suriname, close to the border with Guyana, the adjacent blocks 6 and 8 lie immediately south of block 58 in shallow waters, with depths ranging between 30 and 65 metrtes. The two blocks cover a combined area of approximately 2,750 square kilometres.