ExxonMobil Acquires Interest Offshore Suriname
ExxonMobil has announced that its subsidiary ExxonMobil Exploration and Production Suriname, along with co-venturers Hess and Statoil, signed a production sharing contract for Block 59 with Staatsolie Maatschappij Suriname, the national oil company of Suriname. The block adds significant acreage to ExxonMobil’s operated portfolio in the Guyana-Suriname Basin.
Deepwater Block 59 is in water depths ranging from nearly 2,000m to 3,600m, located approximately 305km offshore Suriname’s capital city, Paramaribo. The block is approximately 10,000km2, and shares a maritime border with Guyana, where ExxonMobil is the operator of three offshore blocks, including the world-class Liza field discovered by ExxonMobil in 2015.
Suriname represents a new country for ExxonMobil’s upstream business. The company has investments throughout South America. Following contract signing, the co-venturers are preparing to begin exploration activities, including acquisition and analysis of seismic data.
ExxonMobil and consortium partners Hess and Statoil each hold a third of the interest in the block. ExxonMobil is the operator.