Kwaskwasi is a conventional oil development located in ultra-deepwater in Suriname and is operated by Total E&P Suriname. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Kwaskwasi was discovered in 2020, lies in block Block 58, with water depth of around 3,280 feet. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2026. Final investment decision (FID) of the project will be approved in 2023.
Field participation details
The field is owned by APA Corp Suriname and TotalEnergies.
Production from Kwaskwasi
Production from the Kwaskwasi conventional oil development project is expected to begin in 2026 and is forecast to peak in 2027, to approximately 65,109 bpd of crude oil and condensate and 19 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2061.
Remaining recoverable reserves
The field is expected to recover 353.99 Mmboe, comprised of 337.83 Mmbbl of crude oil & condensate and 96.96 bcf of natural gas reserves.
About Total E&P Suriname
Total E&P Suriname BV (Total E&P Suriname) is an energy service providing company that explores and produces crude oil and natural gas. Total E&P Suriname is headquartered in Hague, Netherlands.
For more details on the Kwaskwasi Conventional Oil Field, buy the profile here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
