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Total, Apache make another oil discovery

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Total has announced a new discovery of oil and gas offshore Suriname in the Guyana-Suriname basin, together with Apache Corporation, making it their fourth oil and gas discovery in the region.

The Oil Price remarks that the discovery adds to numerous other significant oils finds in the Guyana-Suriname basin, where ExxonMobil is also a major operator besides Total and Apache.

The new Total-Apache found oil at the Keskesi East-1 well, in Block 58 off the coast of Suriname, as part of “robust Suriname exploration and appraisal programs in 2021,” as Apache said in November last year.

Speaking, the Senior Vice President Exploration at Total, Kevin McLachlan, said on Thursday:

“We are also excited, as the new operator of the block, to start the appraisal operations designed to characterize the 2020 discoveries, while in parallel start a second exploration campaign on this prolific block in 2021.”

Before the latest find, Apache and Total had already made three oil discoveries in Block 58. The block is part of the prolific Guyana-Suriname Basin and neighbours the Stabroek block, which has so far yielded a dozen oil discoveries, made by Exxon and Hess, tapping a reservoir containing more than 5 billion barrels of crude.

Last month, Exxon and its partner Petronas said they had discovered oil and gas offshore Suriname, which adds to Exxon’s numerous discoveries offshore Guyana in the same Guyana-Suriname basin.

“Our first discovery in Suriname extends ExxonMobil’s leading position in South America, building on our successful investments in Guyana,” Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil, said last month.

Source Oil Price
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