Suriname alpic energy

Which Suriname oil & gas assets have generated the most excitement?

BLOCK 58: Among Suriname’s oil and gas assets, offshore Block 58 has generated the most excitement. The block is being developed under a 2019 joint-venture agreement between operator TotalEnergies and partner APA, each holding 50%, while Staatsolie plans to exercise its option to enter the development project with an interest of up to 20%.

How much oil does Suriname produce?

A CHANGING ENERGY INDUSTRY: As of today, Suriname’s oil production is dominated by state-owned Staatsolie ’s onshore developments. The company currently produces 17,000 bopd, CEO Annand Jagesar told The Energy Year in a recent interview.

How many bopd does Suriname produce?

The company currently produces 17,000 bopd, CEO Annand Jagesar told The Energy Year in a recent interview. However, Suriname’s energy scene is poised for major changes following a series of commercial offshore oil discoveries made in late 2019 and 2020 by APA Corporation, TotalEnergies, Petronas, Tullow and Kosmos.

What is Staatsolie Maatschappij Suriname?

STAATSOLIE’S KEY ROLE: Staatsolie Maatschappij Suriname was established in 1980 to ensure a strong national role in the country’s energy developments. Suriname follows the so-called Malaysian model, where a State company acts as both the national energy company and regulator, covering the responsibilities typically held by an energy ministry.