Offshore Suriname a GoM size of recoverable oil | LVS, Gaming, & Transocean Forum

Blitz
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Offshore Suriname a GoM size of recoverable oil Jun 29, 2022 8:12:25 GMT -5 bjspokanimal likes this

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Post by Blitz on Jun 29, 2022 8:12:25 GMT -5

If you think about all the drillships working in the GoM... This area is going to need a lot of deepwater drillships for a long time. I'd bet they are making friends with Transocean right now.

And now this...

Massive 30 billion barrels of oil now estimated offshore Suriname – Staatsolie VP

By Shikema Dey - June 29, 2022
oilnow.gy/featured/massive-30-billion-barrels-of-oil-now-estimated-offshore-suriname-staatsolie-vp/

Paramaribo, Suriname – Suriname’s recent oil finds in Block 58 put the South American nation’s recoverable resource count at over five billion oil-equivalent barrels. But that number is merely a tiny fraction of what is believed to be held in the Suriname basin.

Seismic data obtained by Staatsolie, Suriname’s National Oil Company (NOC), suggests that the Suriname basin holds some 30 billion barrels of oil equivalent and this, according to Staatsolie’s Vice President of Offshore, Glenn Corrie, “is the real prize”.

He was at the time giving a presentation at the Suriname Energy, Oil and Gas Summit (SEOGS) being held in the nation’s capital, Paramaribo.

Five high-impact wells being targeted offshore Suriname this year – Staatsolie CEO | OilNOW

Staatsolie’s Vice President of Offshore, Glenn Corrie

Currently, just 40% of Suriname’s offshore oil blocks have been licensed, some 32 million acres, leaving over 60% untouched and ripe with potential.

“… about 30 billion barrels of oil recoverable resource is sitting there in the basin, that is yet to find our scope. That is the real opportunity for future activity. That is the real prize,” he stated.

180 million barrels of oil in place at new Suriname well, APA confirms | OilNOW

By the fourth quarter, the 60% of unexplored offshore acreage will be up for grabs and Suriname is looking to get good fiscal terms for the development of its oil and gas resources.

In 2023, the Dutch-speaking nation has also planned another auction for shallow water blocks.

“It is an opportunity absolutely not to be missed,” the Staatsolie VP stated.

Last Edit: Jun 29, 2022 8:15:14 GMT -5 by Blitz

Blitz
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Offshore Suriname a GoM size of recoverable oil Jun 29, 2022 8:20:15 GMT -5 bjspokanimal likes this

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Post by Blitz on Jun 29, 2022 8:20:15 GMT -5

For comparison to the Gulf of Mexico's recoverables, here's an excerpt:

www.boem.gov/sites/default/files/documents/oil-gas-energy/BOEM%202020-028.pdf

Outer Continental Shelf Estimated Oil and Gas Reserves Gulf of Mexico OCS Region

December 31, 2018

INTRODUCTION

As of December 31, 2018, the 1,319 oil and gas fields in the federally regulated part of the Gulf of Mexico Outer Continental Shelf (GOM OCS) contained Original Reserves estimated to be 24.86 billion barrels of oil (BBO) and 195.5 trillion cubic feet (Tcf) of gas.

Blitz
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Offshore Suriname a GoM size of recoverable oil Jun 29, 2022 8:40:53 GMT -5 bjspokanimal likes this

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Post by Blitz on Jun 29, 2022 8:40:53 GMT -5

Here are some numbers related to the scope of work associated with a GoM size find as to the number of wells and deepwater rigs that could be put to work...

How Many Oil Rigs Are In The Gulf Of Mexico
February 2, 2022
realonomics.net/how-many-oil-rigs-are-in-the-gulf-of-mexico/#How_many_deepwater_oil_rigs_are_there

How many deepwater oil rigs are there?
Unsourced material may be challenged and removed. Deepwater drilling or Deep well drilling is the process of creating holes in the Earth’s crust using a drilling rig for oil extraction under the deep sea. There are approximately 3400 deepwater wells in the Gulf of Mexico with depths greater than 150 meters.

As of April 2019 there are approximately 1,862 platforms in the Gulf of Mexico.

How many oil rigs are in the Gulf of Mexico 2021?
The total supply of offshore oil and gas rigs in the U.S. Gulf of Mexico was 45 in the week of November 12 2021. The utilization rate was 83.3 percent with 25 marketed and contracted offshore rigs recorded that same month.

bjspokanimal
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Offshore Suriname a GoM size of recoverable oil Jun 29, 2022 10:03:27 GMT -5 via mobile Blitz likes this

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Post by bjspokanimal on Jun 29, 2022 10:03:27 GMT -5

It's fortunate that Suriname is leasing its Deepwater acreage first and shallow water tracts later. Perhaps there's concern that they need to hurry with the deeper prospects due to tighter drillship availability whereas shallow water jackups are figured to be more plentiful.

Blitz
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Offshore Suriname a GoM size of recoverable oil Jul 4, 2022 9:16:24 GMT -5 bjspokanimal likes this

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Post by Blitz on Jul 4, 2022 9:16:24 GMT -5

Guyana, Suriname added over 1.2 billion barrels of discovered resources so far this year

By OilNOW - July 3, 2022
oilnow.gy/featured/guyana-suriname-added-over-1-2-billion-barrels-of-discovered-resources-so-far-for-2022/

Norway based Rystad Energy says South America looks set to remain a global exploration hot spot for the next two years, driven primarily by activity in Brazil, Guyana, Suriname and Colombia. The region has seen a recovery in activity this year following the recent slump as the Covid-19 pandemic took hold from early 2020 and sent oil demand and prices tumbling.

Rystad Energy said an increase in the offshore well count in the region is expected to be led by Guyana, followed by Brazil and Colombia, while onshore exploration, which has taken a back seat in the past two years, is on track for a comeback this year and next.

Discoveries and potential

Looking at the period from 2017 to the year to date, Rystad Energy said South America takes top spot among all continents in terms of discovered hydrocarbons.

Guyana now ahead of US, just behind Russia for largest discovered volumes since 2015 – Norway Group

“This is mainly attributed to Guyana, which takes top spot in the region due to the plethora of finds on the prolific ExxonMobil-operated Stabroek Block. The region has seen close to 14.5 billion barrels of discovered resources in the given period, of which Guyana accounts for 65%, followed by Suriname with 15%,” Rystad Energy pointed out.

The Guyana-Suriname Basin continues to be an exploration hot spot in the region having taken center stage since the breakthrough 2015 Liza discovery on Stabroek, which de-risked the basin.

Guyana-Suriname basin steals spotlight from Brazil – Rystad Energy

“Since 2021, 86% of all the discovered resources in the region lie in Guyana and Suriname. Some of the major discoveries in the region during the period include the Whiptail, Cataback and Pinktail finds on Stabroek, which together added 1 billion barrels of reserves,” Rystad Energy said.

Other major discoveries in the region in 2021 were Keskesi East, discovered by TotalEnergies off Suriname, and the Urissane discovery made by Petrobras off Brazil.

In less than six months this year, the region has already discovered volumes close to the total unearthed during the whole of 2021.

Exploration’s star is rising; Guyana-Suriname basin shining brightest

“Major discoveries during the year have again come from Stabroek, which added 1 billion barrels of resources, and from TotalEnergies’ Block 58 across the border in Suriname, adding 250 million barrels,” Rystad Energy said.

Petrobras earlier this year drilled three wells in Brazil’s pre-salt polygon. The state-owned giant announced the presence of hydrocarbons at its Curacao well drilled on its Aram Block in the pre-salt Santos Basin and announced an oil discovery at its Alto de Cabo Frio Central Noroeste well on its Alto de Cabo Frio Central Block in the pre-salt Campos Basin.

Rystad Energy said Petrobras plans to drill appraisal wells at both these finds later in the year.

Last Edit: Jul 4, 2022 9:20:09 GMT -5 by Blitz