QatarEnergy has signed two new production sharing contracts (PSC) for offshore Blocks 9 and 10 in Suriname.
The blocks were
awarded to a QatarEnergy consortium during the POST SHO2 bid round held in June
2025.
Pursuant to the signed
agreements, QatarEnergy will hold a 20 per cent working interest in Block 9,
with its partners Petronas Suriname E&P (Petronas Suriname), (the operator)
holding 30 per cent, Chevron holding 20 per cent, and Staatsolie’s affiliate,
Paradise Oil Company (POC) holding 30 per cent.
QatarEnergy will also
hold a 30 per cent working interest in Block 10, with its partners Chevron (the
operator) holding 30 per cent, PETRONAS Suriname holding 30 per cent, and POC
holding 10 per cent.
Saad Al-Kaabi, the
Minister of State for Energy Affairs, the President and CEO of QatarEnergy
said: “We are pleased at the conclusion of these two new production sharing
agreements, which will increase our Suriname footprint to seven offshore
blocks, allowing us to further explore its promising basins. We are also
pleased to cooperate with our partners Chevron, Petronas Suriname and
Staatsolie, and we look forward to working with them in these blocks.”
Minister Al-Kaabi
added: "I would like to take this opportunity to thank the Surinamese
authorities, and our partners for the excellent collaboration and support that
have resulted in the signing of these agreements.”
Both blocks 9 and 10
are located offshore Suriname in water depths of up to 50 meters.
They lie adjacent to
recent discoveries that have significantly enhanced the petroleum potential of
the basin. -OGN/
Send us your company’s news today and they could be featured on ABC’s Community News tommorow.
