Offshore oil discovery in Suriname is almost a certainty – Staatsolie boss

As the search for oil intensifies off the coast of Dutch-speaking Suriname, Managing Director and CEO of state oil company Staatsolie Maatschappij Suriname N.V., Rudolf Elias, is confident that a discovery will eventually be made.

“It’s not a question of whether we will find oil offshore, it’s a question of when,” he said in an article published in the March 2018 edition of Energy Digital Magazine.

Guyana and Suriname: What’s Next on the Horizon?

Recent years have seen a burst of activity in the Guyana-Suriname Basin, as several major offshore discoveries have sparked industry interest in a nascent area that could have a significant amount of untapped reserves off the northern shores of  America.
A panel discussion the 2018 Offshore Technology Conference (OTC) examined the state of business development in the area, and representatives from owner.

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Suriname has long history of respecting oil agreements – Staatsolie CEO

Staatsolie Maatschappij Suriname N.V Managing Director and Chief Executive Officer, Rudolf Elias, says the Dutch-speaking South American country has a long history of respecting agreements with International Oil Companies (IOCs)

this continues to play a key role in forging alliances for the exploitation of hydrocarbon resources.

Anapai among ‘high profile’ wells being drilled in 2018 – WoodMac

In its new ‘The Future of Exploration Survey 2018’ report, Wood Mackenzie said the industry continues to focus on building acreage portfolios without accepting additional risk while budget constraint remains the top issue for explorers, followed by new opportunities and portfolio quality.

Total gears up for exploration well in French Guiana waters despite Greenpeace criticism

The team of scientists involved in the research are confident to say that these reef structures are part of the Amazon Reef. This unique biome could be threatened by a spill in case French company Total starts drilling for oil in Brazilian waters,” Greenpeace recently said.

However, during its recent expedition aboard the vessel Esperanza, the environmental group Greenpeace said it had identified reef structures off Guiana.

Oil & Gas sector – Offshore activities – Tax jurisdictions in Suriname

Tax jurisdictions in Suriname

A. The onshore area (mainland) and the territorial waters .

B. The Exclusive Economic Zone

Guyana expected to play key role in South America’s petroleum output over next decade

South America’s oil and gas output is expected to stay rather flat over the next five years, increasing to around 11.7 million barrels of oil equivalent per day (boe/d) by 2025, says Norway-based Rystad Energy.

The declining production from Venezuela, Argentina and Colombia is partially offset by increasing volumes from key projects in Brazil such as Lula, Buzios, Iara and Libra.

500,000 bpd forecast based on production from Liza, Payara and Pacora

OilNOW recently sat down with ExxonMobil Guyana’s Senior Director, Public and Government Affairs, Kimberly Brasington for an outline of what that projection is based

Oil production in Guyana is expected to surpass the 500,000 barrels per day

Guyanese tech company catapulted to world stage after building ExxonMobil supplier portal

Information and Communication Technology (ICT) company BrainStreet has been catapulted to the international arena after building the Supplier Registration Portal for ExxonMobil’s Centre for Local Business Development (CLBD) in Guyana.

As a result of this success, BrainStreet began to attract the attention of international corporations which has led to opportunities opening up for the company.