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    QatarEnergy joins Chevron in exploration offshore Suriname

    Aug. 14, 2024
    QatarEnergy has acquired a 20% interest in shallow-water Block 5 offshore Suriname, following Shell's departure from the block.
    Related To: Chevron
    Courtesy Staatsolie
    QatarEnergy is the new party in the production sharing agreement for the shallow-water Block 5 offshore Suriname.
    QatarEnergy is the new party in the production sharing agreement for the shallow-water Block 5 offshore Suriname.

    QatarEnergy acquired a 20% interest in shallow-water Block 5 offshore Suriname, following Shell's departure from the block, according to a July 18 Staatsolie news release. 

    Chevron operates with a 40% share, with Staatsolie subsidiary Paradise Oil Co. holding the remaining 40%.

    The partnership plans to drill an exploration well in 2025.

    Block 5 is 75 km from the coast in 30 m to 45 m water depth.

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