Skip to main content

ExxonMobil acquires interest offshore Suriname

Published by
Oilfield Technology,

Exxon Mobil Corporation has announced that its subsidiary, ExxonMobil Exploration and Production Suriname B.V., along with co-venturers Hess and Statoil, signed a production-sharing contract for Block 59 with Staatsolie Maatschappij Suriname N.V., the national oil company of Suriname.

Deepwater Block 59 adds significant acreage to ExxonMobil’s operated portfolio in the Guyana-Suriname Basin. It is in water depths ranging from 2000 m - 3600 m, located approximately 190 miles (305 km) offshore Suriname’s capital city, Paramaribo. The block is 2.8 million acres, or 4430 square miles, 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.

“We look forward to working with Staatsolie and our co-venturers to evaluate the potential of this new acreage,” said Steve Greenlee, president of ExxonMobil Exploration Company. “Adding this block enhances our leading global deepwater portfolio.”

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.

Read the article online at:


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Upstream news Offshore news