Suriname attracts numerous bids for three offshore blocks

Several oil companies have submitted proposals for three of the six offshore blocks offered in Suriname’s latest bid round, which targeted the under-explored Demerara area north-east of major discoveries made by TotalEnergies and APA Corporation.

Suriname state-owned oil company and market regulator Staatsolie put up for grabs six blocks — 63, 64, 65, 66, 67 and 68 — in water depths ranging from 400 to 3500 metres in an effort to attract investors as exploration and production activities continue to boom in neighbouring Guyana.