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Hi Tiburn
Have a look at google maps satellite, I was amazed how close to the capital WNZ is and the refinery to the South west is not far. Also near to the port.
Statsolie depot along the coast road to the west.
Offshore are large reservoir beds, onshore there are a lot of fault traps adjacent to an uplift very similar to Saffron :))
When I go on the computer later I will repost a bit about Suriname and the Petrel Project. I don't think posters here have cottoned on how important that software is
ATB:))
Thanks Bamps, all good - I will do more research.
The Total Suriname find and Guyana adjacent is massive however way you look at it, I note BPC just appointed Stena fresh from that drill success with a contribution to drill costs, lots of drill deals possible in these times.
Superb for these poorest of the poor S American countries, Suriname only has 600k population , such a boost to GDP should utterly change their prospects, hopefully they can avoid Venezuela corruption issues and establish a Sovereign wealth fund - get some Norwegians in there to assist on how its best done.
Hi Tiburn
Well done with your research and I don't want to dampen your enthusiasm cos it is an exciting field. The oil onshore is an older oil than offshore and is more akin to the Tambaredjo field to the west and in between is an uplift.
A cross section from offshore to onshore shows the strata rising to the surface with the oil reservoir disappearing at the coast.
Statsolie have had some dry wells near the coast.
The offshore oil is similar to the African fields because it was once one field split into 2 by Tectonic plate movement.
Hope I haven't dampened your enthusiasm , you have taught me a few things as I've not researched anything offshore apart from the geology:))
Just researching Suriname , looks like a good asset with 24 MMBLS to go for.
Superb timing to gain the licence on Oct 4th 2019 , then the January 8th offshore strike news by Total, increasing prospectivity across the region:
https://ocean-energyresources.com/2020/01/08/significant-oil-discovery-offshore-suriname/
"The shallower Campanian interval contains 50 meters (164 feet) of net hydrocarbon-bearing reservoir.
However, the deeper Santonian interval contains 73 meters (240 feet) of net oil-bearing reservoir."
With a further discovery in April :
https://finance.yahoo.com/news/suriname-total-announces-second-discovery-150000658.html
"79 meters net pay of high-quality light oil and gas condensate, in multiple stacked and good quality reservoirs in Upper Cretaceous Campanian and Santonian formations"
Of particular interest to me was the link to West African context, with their coastal onshore and shallow offshore fields as in Jubilee field Ghana :
"The Maka Central-1 also targeted a third interval, the Turonian, a geologic analogue to oil discoveries offshore West Africa."
Interesting also that Tullow operating the Ghana Jubilee field have a big presence in Suriname as per the licence map:
https://www.staatsolie.com/media/ftibj1qv/offshore-map.jpg
CERP licence area surrounded by onshore blocks that the state oil company manage directly with producing fields, with adjacent Commwijne block yet to be licensed out.
Noteworthy that Staatsolie have not let any of the coastal shallow sea blocks and kept all for themselves to operate.
These discoveries must be fast tracking exploration efforts across many of the blocks, exciting emerging region and CERP well placed,
None of that context seems to be remotely priced in yet, seeing as the SP was double that of today before the Suriname licence was gained and SWP strike since - a lot of justifiable SP growth should be the case just to get to a reasonable price before next developments it seems.