Suriname Prepares Major Oil Block Offering ...Middle East

OILPRICE - Economy
Suriname Prepares Major Oil Block Offering
source : OILPRICE ( Middle East ) () 15
Suriname is preparing to tender some 60 percent of its offshore blocks over the next 12 months, Reuters reported this week, citing a vice-president of the state oil firm, Staatsolie. The first tender is planned for the fourth quarter of this year, Glenn Corrie told Reuters. Suriname is the neighbor to Guyana, the hottest new oil spot in the world where Exxon and Hess have made a string of discoveries in recent years totaling billions of crude oil in untapped reserves. Exxon eyes production of 1.2 million bpd from just one block in Guyana by 2027.…

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