Share this article

Suriname’s state oil company Staatsolie has awarded three offshore exploration blocks to Chevron and a consortium of Qatar Petroleum and TotalEnergies.

The contracts have been awarded as part of the shallow offshore (SHO) bid round 2020/2021.

The consortium comprising Qatar Petroleum (20%), TotalEnergies (40%) and Staatsolie (40%) has won the bid for Block 6 and Block 8 while Chevron Exploration Suriname has been awarded Block 5.

Located in the southern part of offshore Suriname, close to the border with Guyana, the adjacent blocks 6 and 8 are situated immediately adjacent to the prolific Block 58 discoveries.

The two blocks cover a total area of approximately 2,750km².

Qatar Petroleum president and CEO and Qatar Minister of Energy Saad Sherida Al-Kaabi said: “We are pleased to be awarded exploration rights in blocks 6 and 8, and this represents Qatar Petroleum’s first entry into Suriname.

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.

Company Profile – free sample

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

“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.”

Staatsolie said it is progressing to conclude production sharing contracts (PSCs) with the successful bidders for the relevant blocks.

Under the bidding round 2020/2021 launched in November 2020, Staatsolie offered a total of eight new blocks in the currently unlicensed and underexplored SHO acreage of Suriname.

These blocks are located in the west of the Shallow Offshore area, south of the recent discoveries made in Block 58, and northwest of the onshore producing fields.