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6 FAQs about [Drilling rig quotes in suriname]
When will Suriname's new offshore drilling campaign start?
According to Stena, the campaign is expected to start in the second quarter of 2025, and also includes an option to extend the charter agreement for three additional wells offshore Suriname. Financial terms were not disclosed.
How many active drill rigs are there in Suriname?
The latest Baker Hughes rig count shows that there is one active drill rig in Suriname. Drilling activity in offshore Suriname is gaining pace, particularly after Exxon’s phenomenal results in the Stabroek Block in offshore Guyana, where the integrated oil supermajor estimates it has over eight billion barrels of recoverable oil resources.
What work is Stena Drilling doing in Suriname?
Stena Drilling has been awarded a new contract for work in the Suriname-Guyana basin with Tullow Oil.
How many wells will Shell drill in Suriname?
Shell is set to begin drilling up to four exploration wells in Suriname’s offshore Block 65, with the first well, Araku Deep-1, scheduled to spud in the second quarter of 2025, Rystad Energy said. The company is seeking clearance from Suriname’s environmental agency before moving forward.
How successful is shallow-water oil drilling in Suriname?
The history of shallow-water oil drilling in Suriname is not as successful as deep-water offshore drilling. Earlier campaigns in shallow waters yielded very few results.
When was the first oil well drilled in Suriname?
Staatsolie was founded on 13 December 1980, initially only to promote and manage the petroleum potential of Suriname. The first successful oil well was drilled in 1982. Crude production has since then steadily increased to 17,000bopd (barrels of oil per day) at present.