Apache Corporation announced a joint venture agreement to explore and develop Block 58 offshore Suriname.
The internship of the eleven students of the Suriname Maritime Institute (SMI) on the international vessels of the Nearshore Drilling project has been completed. On 16 December they received their certificate of completion.
The Nearshore Drilling project is now being closed. Six wells were drilled off the coast of our country. No commercial oil discovery was made, but valuable data was collected.
Staatsolie Maatschappij Suriname N.V. recorded a consolidated gross turnover of US$ 506 million in fiscal 2018. Profit before tax amounted to US$ 149 million.
Staatsolie Maatschappij Suriname N.V. and Columbus Energy Resources PLC, from England, signed the production sharing contract for the Weg naar Zee block on 3 October 2019.