Exxon Mobil acquires interest in acreage offshore Suriname

7/14/2017

IRVING, Texas -- Exxon Mobil Corporation has announced that its subsidiary Exxon Mobil Exploration and Production Suriname B.V., along with co-venturers Hess and Statoil, signed a production sharing contract for Block 59 with Staatsolie Maatschappij Suriname N.V., the national oil company of Suriname. The block adds significant acreage to Exxon Mobil’s operated portfolio in the Guyana-Suriname basin.

Deepwater Block 59 is in water depths ranging from nearly 2,000 m to 3,600 m, located approximately 190 mi (305 km) offshore Suriname’s capital city, Paramaribo. The block is 2.8 million acres, or 4,430 mi2, and shares a maritime border with Guyana, where Exxon Mobil is the operator of three offshore blocks, including the world-class Liza field discovered by Exxon Mobil in 2015.

“We look forward to working with Staatsolie and our co-venturers to evaluate the potential of this new acreage,” said Steve Greenlee, president of Exxon Mobil Exploration Company. “Adding this block enhances our leading global deepwater portfolio.” Suriname represents a new country for Exxon Mobil’s upstream business. The company has investments throughout South America. Following contract signing, the co-venturers are preparing to begin exploration activities, including acquisition and analysis of seismic data. Exxon Mobil and consortium partners Hess and Statoil each hold a third of the interest in the block. Exxon Mobil is the operator.

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