Weg Naar Zee is a conventional oil development located onshore Suriname and is operated by Staatsolie Maatschappij Suriname. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block Weg Naar Zee. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2024.
Field participation details
The field is owned by Staatsolie Maatschappij Suriname.
Production from Weg Naar Zee
Production from the Weg Naar Zee conventional oil development project is expected to begin in 2024 and is forecast to peak in 2026, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2077.
About Staatsolie Maatschappij Suriname
Staatsolie Maatschappij Suriname NV (Staatsolie) is a state-owned integrated energy company. It explores, develops, and produces hydrocarbon products. The company refines crude oil into bitumen, premium diesel, premium gasoline, and fuel oil. Staatsolie assesses offshore hydrocarbon potential in the country and negotiates petroleum contracts with international oil companies and monitors the execution of these contracts. It sells refined products in domestic and Caribbean countries. The company has a mining interest in the Merian gold mine. The company has oil fields in the district of Saramacca and a refinery in the District of Wanica. Staatsolie is headquartered in Paramaribo, Suriname.
For more details on the Weg Naar Zee Conventional Oil Field, buy the profile here.