UK-based oil explorer Tullow Oil has sold a 30% stake in a deepwater block, offshore Suriname, to Norway’s Statoil for an undisclosed sum.
Tullow will now hold a 70% operating stake in block 47, which lies in the Guyana Basin, 270km north of mainland Suriname.
Go deeper with GlobalData
The licence is located in water depths of between 1,300m and 3,000m.
The deal is subject to the approval of Surinamese state oil company Staatsolie Maatschappij Suriname.
In addition, a recent discovery was made offshore nearby French Guyana, signifying the region’s potential.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
