APA
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Houston-based independents will combine to form a company with a production total above 500,000 BOE/D and valued at $21 billion.
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Studies center on subsea wells connected to an FPSO.
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Suriname's wait to become a significant oil producer may be nearing an end as the French supermajor begins early development studies.
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Appraisal drilling at Block 58’s Sapakara South find is underway.
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Good news in Block 53 is offset by disappointing results in Block 58.
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The operator finds around 180 million bbl at Krabdagu, water at Rasper.
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Sapakara South flow test encouraging, but Bonboni well result disappoints.
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Data gathered from the well will be used to inform the next steps for Keskesi appraisal.
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Rig will shift to drill Bonboni prospect before returning for Sapakara South flow test.