Oil giants ExxonMobil, TotalEnergies, Chevron and Shell are gradually expanding their presence in the Guyana-Suriname basin. With some contracts expected to be finalized in 2024, these four companies will have interests in 15 offshore blocks, covering more than 75,000 square kilometers (km2).<\/p>\r\n\r\n\r\n\r\n
ExxonMobil expects to acquire its fifth block in the basin once it finalizes a contract with Guyana for block S8. The block was awarded after Guyana’s first round of offshore licensing to a consortium of ExxonMobil, Hess and CNOOC. Exxon will acquire this block after it decided to sell its stake in Guyana’s Kaieteur block last year. Exxon also has a 35% operational interest in the Canje Block and a 45% Operating Stake in the Fertile Stabroek Block, where it has made dozens of discoveries, planned six oil developments, and plans to drill many more exploration and assessment wells in the coming years.<\/p>\r\n\r\n\r\n\r\n
In Suriname, Exxon has a 50% stake in Block 52, where Petronas has made two discoveries \u2013 Sloanea-1 and Roystonea-1. It also operates Block 59, with a 33% stake. In total, Exxon will have stakes in blocks in the basin totaling 47,856 km2.<\/p>\r\n\r\n\r\n\r\n
Chevron’s acquisition of Hess has given it access to a coveted prize \u2013 a 30% stake in the Stabroek block. Chevron will also have a stake in Block S8 off the coast of Guyana when the contract is completed.<\/p>\r\n\r\n\r\n\r\n
In Suriname, Chevron is the operator of block 5, with a 40% stake. It also operates Block 7, with an 80% stake. Chevron has a 67% stake in Block 42 and 33% in Block 59 operated by ExxonMobil. In total, Chevron’s assets in the Guyana-Suriname basin will amount to approximately 48,666 km2, slightly more than ExxonMobil in terms of area.<\/p>\r\n\r\n\r\n\r\n
Guyana has also awarded Block S4 to TotalEnergies, as part of a consortium with QatarEnergy and Petronas. When completed, Total will have stakes in seven blocks in the Guyana-Suriname basin. That will be the highest number of blocks among the big players, but with significantly less surface area than Exxon and Chevron \u2013 just 23,244 km2. Total also holds a 35% stake in the ExxonMobil-operated Canje block and owns a 25% stake in the Orinduik block in a joint venture with QatarEnergy.<\/p>\r\n\r\n\r\n\r\n
However, Total’s biggest prize package among these is its 50% operating stake in Block 58. In partnership with APA Corporation, Total has made several discoveries there and intends to bring its first development up and running by 2028. TotalEnergies has also acquired three blocks off the coast of Suriname in 2023, as an operator with a 40% stake in each \u2013 blocks 6, 8 and 64.<\/p>\r\n\r\n\r\n\r\n
Shell has no interests in the Guyanese blocks, but it has interests in three blocks off the coast of Suriname. Shell is the operator of Block 42, with a 33% stake, and has a 20% stake in Block 5 operated by Chevron. It has also recently acquired a 60% stake and the operation of Block 65.<\/p>\r\n","protected":false},"featured_media":23194,"template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"categories":[3295,2894,4872,3307,3305,2898],"tags":[5768,5833,6842,5696,6841,6833,6831,6837,6438,6357,6329,6845,4752,5991,6844,5728,6486,6835,5693,6840],"class_list":["post-27065","nieuwsbericht","type-nieuwsbericht","status-publish","has-post-thumbnail","hentry","category-economic-news","category-internationale-news","category-offshore-exploration","category-oil-and-gas-industry-archive","category-oil-discovery","category-suriname-archive","tag-apa-corporation-en","tag-chevron-en","tag-chevron-en-2","tag-exxonmobil-en","tag-guyana-suriname-basin","tag-joint-venture-en","tag-offshore-industry","tag-oil-discovery-en-2","tag-oil-discovery-en","tag-oil-exploration","tag-oil-production-en","tag-oil-production-en-2","tag-olie-en-gas","tag-qatarenergy-nl-en","tag-qatarenergy","tag-shell-en","tag-stabroek-block-en","tag-suriname-guyana-basin","tag-totalenergies-en","tag-totalenergies-en-2"],"yoast_head":"\n