According to a Surinamese press conference in early August 2020, Staatsolie's acting general manager, Agnes Moensi-Sokowikromo, said the company is mulling acquiring up to 20% in the Apache-led Block 58. Apache and Total are equal partners in the block, though the French supermajor will assume operatorship of the DW block, which hosts a trio (Maka Central, Sapakara West and Kwaskwasi) of world-class discoveries, once the current drilling programme completes with the drilling of Keskesi 1. The news comes as no surprise as Staatsolie has the right to acquire stake in the development stage, and previous statements indicate that state oil company will exercise its option to participate in the development and production stage with 20% interest. That would suggest that Apache and Total will hold 40% each in the contract. Maka Central was Surinameâs first ever commercial deepwater oil discovery earlier this year, If Staatsolie pulls the trigger, the company would have to dish out up to US$ 1.5 billion in planned development costs. It will likely cost between US$ 6 billion and US$ 7 billion in total to develop a floating production option for the block.US-based Apache Corporation, and new partner Total reported in February 2020 that they had made âa significant oil discovery" at the Maka Central 1 well on the offshore Suriname Block 58. Maka Central 1 tested for the presence of hydrocarbons in multiple stacked targets in the Late Cretaceous-aged Campanian and Santonian intervals, encountering both oil and gas condensate in what amounts as a blockbuster find in the former Dutch colony in South America. The well, drilled with the âNoble Sam Croft," also marks Surinameâs first major offshore discovery after several failed attempts. Apache's formation evaluation programme included logging-while-drilling and wireline logs, formation pressures, and preliminary core and fluid analysis.Block 58 is located on the Surinamese western maritime border, adjacent to the prolific Stabroek Block in Guyana. Apache won the Production Sharing Contract in Surinameâs 6th International Bid Round 2014 for Block 58. Total agreed a farm-in in December 2019 for 50% WI.
(Suriname B.) Block 58 op. by TOTAL (50%), APACHE (50%), Staatsolie is reportedly considering a farmin to Apache's offshore block 58. The state co. has an up to 20% back-in right to the 5,836 sq km mostly-deepwater permit which hosts the Maka Central, Sapakara West + recent Kwaskwasi finds.