Apache plans exploration well offshore Suriname for mid-2019
March 12, 2019 – Georgetown, Guyana - Apache Corporation is set to drill its first exploration well since 2017 offshore Suriname midyear 2019.
The upcoming Apache well will be in block 58, which is about 200 km off the coast of Paramaribo, the capital city. Block 58 runs along the marine border with Guyana, to the east of the ExxonMobil Stabroek block. To date ExxonMobil has declared reserves of the oil-equivalent of more than 5.5 billion barrels from 12 successful exploration wells in Stabroek.
In June 2017 the Apache Kolibrie wildcat well offshore Suriname did not find commercial hydrocarbons. Kolibrie was drilled 135 km offshore in block 53, which covers an area of some 3509 square kilometers with water depth ranging from 500-1800 meters.
Kolibrie was Apache’s second non-commercial well on its Suriname acreage. The company drilled its Popokai-1 well in Block 53 in 2015. By moving to block 58 adjacent to the ExxonMobil Stabroek to its west, there is reason for increased optimism.
Said Lars Mangal, CEO of TOTALTEC Oilfield Services, “It is excellent news to see exploration drilling restarting offshore Suriname, now with increased confidence following the ExxonMobil success. At TOTALTEC we look forward to collaborating with our neighbors and sharing our experience in training our local people and building capacity.”
The United States Geologic Survey ranks the Guyana-Suriname Basin as among the most prospective, under-explored offshore oil basins in the world with an estimated 13.6 billion barrels of oil and 32 trillion cubic feet of natural gas.
TOTALTEC Oilfield Services is focused on the success of the oil industry in Guyana for the benefit the country, its people, and partner companies. It does this through three areas: people, partnerships, and facilities. Qualified and motivated Guyanese develop through the Academy. Partnerships prioritize products and services that are starting points to grow from, in effectively introduce companies new to Guyana. The Guyana Shore Base facility is now supporting offshore operations.
The 94% Guyanese TOTALTEC workforce includes 8 nationalities with over 160 years of international oilfield experience. https://www.totaltec-os.com
Cover image credit: OilNow.gy