Offshore staff
PARAMARIBO – Staatsolie, Suriname’s state-owned oil company, has announced the launch of a competitive bid round of six new blocks in the currently sparsely explored Demerara acreage of Suriname.
The blocks in the Demerara acreage cover 43,956 sq km of mostly unexplored area, as only four wells have previously been drilled. Water depths range from 400 m to 3,500 m.
The company says virtual data rooms will open on Nov. 28, 2022, and close to new bidders on April 28, 2023. Bids must be submitted by May 31, 2023.
Staatsolie has appointed Envoi Ltd. to be the official adviser for the Demerara bid round, which officially opened on Nov. 8.
Winners are expected to be notified by June 30, 2023, followed by signing of production-sharing contracts in third-quarter 2023.
11.21.2022
