Suriname Announces New Bidding Round – 8 Shallow Water Blocks
On November 16, 2020 Staatsolie Hydrocarbon Institute announced the launch of a new bid round in Suriname covering 8 shallow water offshore blocks (~13,534 km). The virtual data rooms will open on November 30, 2020 and bids are due by April 30, 2021.
After the recent successful oil discoveries in Suriname and the establishment of a new coalition government in July 2020, a new bid round could prove transformative for the South American country.
It will be interesting to see the results of this bid round but Guyana’s success next door may be a good indication of renewed interest in underexplored prolific reserves.
More information on the process and the bidding terms are available at the links below.