TotalEnergies awarded two new offshore Suriname exploration licenses

Source: press release, 25 June 2021

TotalEnergies’ presence in the Guyana-Surinam basin
TotalEnergies’ presence in the Guyana-Surinam basin (illustration: TotalEnergies)

TotalEnergies and its partner Qatar Petroleum have been awarded Block 6 and Block 8 in the Suriname SHO Bid Round 2020/2021. TotalEnergies shall operate these blocks, situated in shallow water with depths between 30 and 50 metres, adjacent to the TotalEnergies operated Block 58, where 4 significant discoveries have been made since January 2020 and where operations are continuing in 2021.

With these two new operated exploration blocks, TotalEnergies expands its position in Suriname, an emerging world-class basin. A 3D seismic acquisition campaign will be carried out on these two licenses to confirm their potential.

“This award demonstrates our ability to capture exploration acreage in a core area for TotalEnergies, pursuing our strategy of exploring for low development cost oil resources in highly prospective basins, particularly here, reinforcing our operatorship position in Suriname Block 58,” says Kevin McLachlan, Senior Vice President Exploration. “We are delighted to continue to expand our strategic international partnership with Qatar Petroleum on these blocks.”

TotalEnergies will operate the blocks with a 40% working interest, alongside Qatar Petroleum (20%) and the national company Staatsolie (40%).