Cairn in ‘live process’ for Suriname farm-out
Cairn Energy is in talks for the possible farm-out of its acreage position in Suriname, according to the UK-based company’s exploration director Eric Hathon.
The executive provided the comment in response to a question during Cairn’s half-yearly results presentation.
“We have discussions ongoing with companies right now on our block there… so that’s very much a live process,” said Hathon.
The upstream operator holds a 100% stake in block 61 which covers 13,000km2 and is Suriname’s largest offshore area.
In its half-year report, Cairn said that “acquisition of 3D seismic is being considered to develop potential drilling opportunities in both shallow and deepwater areas of the block.”
The company’s 2021 capital expenditure for exploration in Suriname along with West Africa and Israel reaches a combined US$20mn.
Source: Staatsolie
For recent upstream developments in Suriname, click on the following links:
Suriname Request for Expressions of Interest Shore Bases
APA prices planned Suriname drilling at US$100mn
Noble sets sights on ‘high growth’ South America rig market
Suriname: TotalEnergies announces another successful well in offshore Block 58
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