Exxon signs PSC for Suriname’s Block 59

By Staff reporter 14 July 2017

ExxonMobil has signed a production-sharing contract for deepwater Block 59 offshore Suriname with state-run company Staatsolie Maatschappij Suriname, the supermajor announced on Thursday.

"The block adds significant acreage to ExxonMobil’s operated portfolio in the Guyana-Suriname Basin," the company said in a statement.

The block shares a maritime border with Guyana, where Exxon is the operator of three offshore blocks, including the Liza field.

Exxon has announced a series of massive oil discoveries off the coast of Guyana over the past year.

However, experts have said the disposal...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up