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ENERGY Caribbean Yearbook (2013-14)

Countries suriname Keen

Countries suriname Keen interest in the deepwater blocks Suriname is billing itself as the “next giant”, meaning that in due course it expects to make a discovery as large as Zaedyus in next-door French Guiana. In late 2011, 840 million barrels of oil on a P10 basis were found by the Zaedyus well, which has transformed prospects for the Guyana/ Suriname basin to the west. Zaedyus encountered oil in a fan system similar to that found in Tullow Oil’s Jubilee field offshore Ghana in West Africa: Zaedyus discover off French Guiana (courtesy Tullow) Suriname is naturally hoping these geological conditions extend westwards into its own waters Tullow’s geologists thought this could be replicated on the western side of the Atlantic – and so it proved. Shell and Northpet Investments are Tullow’s partners in the Guyana Maritime licence where Zaedyus was drilled. Suriname is naturally hoping these geological conditions extend westwards into its own waters (Guyana is keeping its fingers crossed that its own offshore may be similarly favoured). Suriname’s national energy company Staatsolie, which deals with oil and gas matters on behalf of the government, has offered four blocks for bidding, which it believes to be in the path of any westward hydrocarbon trend – 54, 55, 56 and 57. Bids close on July 26 and the company hopes to be able to sign production sharing contracts with the winners by year’s end. These blocks are sited in the Demerara Plateau, described by Staatsolie as “a prominent submarine plateau located 5 degrees north of the coasts of Suriname and French Guiana and, based on available data, interpreted as a margin segment, comprising thinned continental crust, bound to the north and south by transform-type zones in which transtensional extension is accommodated.” That will be music to the ears of geologists. Wim Dwarkasing, deputy director of exploration and production contracts for Staatsolie, enthuses that “these blocks are all based on structures and the success rate is usually higher with such blocks.” He adds: “The Demerara Plateau is all part of what you have seen on the west coast of Africa where they have had these very good finds, so that’s also an attractive feature of the bid round.” 28

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