QatarEnergy acquires 20% stake in Suriname's offshore Block 5, partnering with Chevron and Staatsolie.
QatarEnergy signed a deal with Chevron to acquire a 20% stake in a production sharing contract for offshore block 5 in Suriname, with Chevron retaining 40% and Paradise Oil Company (Suriname's Staatsolie affiliate) owning 40%. This marks QatarEnergy's commitment to Suriname's promising basins and a new partnership with Chevron in the upstream sector. Block 5 is in shallow waters and moving to its second exploration phase, with a commitment to drill an exploration well.
July 18, 2024
5 Articles