TotalEnergies announces ‘significant’ Suriname discovery
The news again highlights Suriname’s potential as a frontier basin
TotalEnergies has made “a significant new oil and associated gas discovery” off the coast of Suriname at the Krabdagu-1 well in block 58. TotalEnergies operates the block with a 50pc stake, while the Nasdaq-listed APA Corporation—which counts the North Sea-focused independent Apache as one of its subsidiaries—holds the rest. The partners’ latest find follows a string of other exploration successes in the block, comprising discoveries at the Maka, Sapakara, Kwaskwasi and Keskesi drill sites. The “result encourages us to continue our exploration and appraisal strategy of this prolific block 58 to identify sufficient resources by year-end 2022 for a first oil development”, says Kevin McLachlan,
Also in this section
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust