Exploration & Production

Exxon signs PSC for Suriname’s Block 59

ExxonMobil has signed a production-sharing contract for deepwater Block 59 offshore Suriname with state-run company Staatsolie Maatschappij Suriname.
By Staff reporter 14 July 2017 0 26778

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...