The agreement extends the licence to 2037, supports the further development of the block’s remaining resources and prolongs the production and design life of the Kizomba A, Kizomba B, Mondo and Saxi-Batuque FPSOs.
Staatsolie has signed a production-sharing contract with Petronas Suriname E&P and Paradise Oil Company for Block 66 in Suriname’s deep offshore, the Suriname NOC said on Tuesday.
Africa’s biggest producer is trying to halt a flight of investment capital from its onshore fields by oil majors fleeing assets prone to spills caused by attacks including sabotage and vandalism