• 2017 July 14 15:09

    Staatolie signs contracts with ExxonMobil, Hess Corp and Statoil for two offshore blocks

    On 13 July 2017, Staatsolie Maatschappij Suriname N.V. concluded production-sharing contracts for two offshore blocks. For Block 59, an agreement was signed with a consortium consisting of the oil companies ExxonMobil, Hess Corporation and Statoil. With Statoil a contract was signed for Block 60, the Company said in a press release.

    The agreements are the result of Staatsolie’s ‘Open Door Policy Offshore Suriname’, which ran from 15 September 2015 until 7 September 2016. International oil companies could bid on open offshore blocks during this period. Based on predefined selection criteria, blocks 59 and 60 were awarded to the consortium and Statoil respectively. Negotiations with the parties started mid-October 2016.

    The agreements are effective for thirty years. The full contract term has been divided into an exploration, a development and a production period. For the exploration period, a minimum work program was agreed, during which geological research, seismic data collection and exploration drilling will be performed, among others. The consortium and Statoil will pay all costs in the exploration phases, and these will only be paid back after a commercial discovery is made which is brought into production. The contract offers Staatsolie the possibility to participate for up to ten percent in the development and production phases.

    Explicit attention was paid to inspection, safety and the environment in drawing up the production-sharing contracts. Provisions for the employment of local staff, training courses, social programs and the way in which the decommissioning of facilities will take place at the end of the petroleum activities, have also been included.

    Managing Director Rudolf Elias signed both contracts on behalf of Staatsolie. Erik Oswald (ExxonMobil), Timothy Chisholm (Hess) and Martijn Smit (Statoil) signed on behalf of the consortium. The agreement for Block 60 was also signed by Smit on behalf of Statoil.

    Block 59 is approximately 11,500 km2 in size and is situated about 400 kilometers off the coast, in water depths of more than 1,900 meters (ultra deep). Block 60, an area of 6,200 km2, is situated about 250 kilometers off the coast, in water depths of 800 down to 1,900 meters.

    American ExxonMobil is the largest publicly traded international oil and gas company in the world, with activities in several parts of the world. Together with its partners, ExxonMobil recently made large oil discoveries in Guyana.

    Hess Corporation is a large, independent energy company active in various countries. Together with its partners in Guyana, Hess made the large Liza-1 oil discovery. In Suriname, Hess already has an interest of 33.3 percent in Block 42.

    Statoil is the state oil company of Norway. The company has grown into a multinational active in the exploration, production, refining and shipping of oil and gas. Since January 2014, Statoil has an interest of 50 percent in Block 54.




2017 September 21

13:17 Sovcomflot CEO Sergey Frank meets IMO Secretary-General Kitack Lim
13:02 Aker Solutions wins Troll FEED contract with EPCI option from Statoil
12:31 RF Navy’s Northern Fleet takes part in combined-arms exercise in the Barents Sea
12:08 Dorian LPG selects ABS to evaluate LPG as fuel and other 2020 compliance options
11:39 Fuel oil prices are still high at the Far East ports of Russia (graph)
11:08 ZIM marks the 3 millionth container carried through DaChan Bay Terminals
10:47 IMO conducted table-top exercise on maritime security in Lima, Peru
10:29 Brent Crude futures price down 0.23% to $56.16, Light Sweet Crude – down 0.12% to $50.63
10:08 MAN Diesel & Turbo concludes dual-fuel ‘Wes Amelie’ LNG conversion project
09:50 Port of Gdansk to cooperate with new foreign partners - Ukraine and Qatar
09:32 Baltic Dry Index up to 1,449 points
09:17 NCSP volumes for 8M 2017 totaled 97 million tons
09:08 Royal IHC launches NMDC’s first custom-built TSHD
08:28 Berth rehabilitation continues apace at APM Terminals at the Port of New York and New Jersey
08:02 Samsung Heavy Industries showcases in-house glycol LNG regasification system to shipowners
07:57 Wärtsilä tests its automatic wireless induction charging system on a hybrid powered coastal ferry

2017 September 20

18:04 IMO talks Polar matters in Russia
17:49 Uniper and Pavilion Gas sign LNG deal providing access to their assets in respective home markets
17:32 Seaspan accepts delivery of 11000 TEU SAVER containership
17:22 Songa Bulk ASA announces acquisition of Kamsarmax bulk carrier
17:17 Digital Ship returns to Singapore on 4 October with a focus on investigating maritime’s digital future
16:55 Damen to open service hub in Russian Black Sea port
16:48 Almaz Shipyard hosts flag hoising ceremeny for patrol ship Predanny of Project 22460
16:14 Nevsky Shipyard took part in the International Fishery Forum
15:50 Russia and India to cooperate on development of high-speed maritime transport based on Russian designs (photo)
15:12 NIBULON finished constructing B2000 Project vessels
14:37 Gazprom Neft undertakes the company’s largest ever maritime oil shipment
14:06 RF Transport Minister: waterways of Saint-Petersburg can obtain a status of regional waterways in navigation season of 2018 (photo)
13:23 Port of King's Lynn celebrates new bulk store terminal opening
13:09 Skangas’ Coralius performs first ship-to-ship LNG bunkering
12:51 WMU holds inauguration of the Class of 2018 MSc in Maritime Affairs
12:15 Qatargas and BOTAŞ (Turkey) sign new LNG agreement
11:49 IMO Secretary-General Kitack Lim considers Russia to be one of the key players at the IMO
11:39 Northwest Seaport Alliance container volumes up 6 percent in August 2017
10:43 GTT announces an evolution of the Mark III Flex technology
10:14 Brent Crude futures price up 0.44% to $55.38, Light Sweet Crude – up 0.80% to $50.30
09:55 Bunker prices go up at the port of Saint-Petersburg, Russia (graph)
09:31 RS describes procedure for obtaining of Polar Ship Certificates (photo)
09:13 Baltic Dry Index up to 1,415 points

2017 September 19

18:06 Samskip expands shortsea services in Scotland
17:48 Arctic Economic Council welcomes three new members
17:25 IMO is attending 34th session of ASEAN to update the Maritime Transport Working Group on its latest activities
17:06 Turkish shipyard Cemre Marin Endüstri A.S orders 4 x MAN 8L21/31 variable speed GenSets
16:39 Marine Engineering Bureau: half of Russia’s towing fleet is renovated, bunkering fleet situation is worse
16:14 MSC announces a new service between South America’s east coast and the Mediterranean
16:04 Port of Southampton completes construction of sixth multi-story car park
15:52 Turkish landing ship Bayraktar arrived in Novorosiysk
15:27 USPA announces tender for procurement of dredging vessel
15:04 GY Marinas and P&O Marinas launch superyacht complex in Sète, France
14:39 Commissioning works commenced at KN‘s LNG reloading station
14:14 Port of Gdansk, Port of Gdynia and Baltic Gateway attended Seatrade Europe in Hamburg
14:03 Wärtsilä Nacos Platinum bridge systems selected for two new mega yachts
13:50 IMO issues Guidelines on maritime cyber risk management
13:28 IMO says search and rescue is an international responsibility
13:01 Ningbo Zhoushan Port volumes up 72% to 254,000 TEUs
12:43 NEVA 2017, 14th International Maritime Exhibition and Conference of Russia, opens in Saint-Petersburg (photo)
12:22 Fuel oil prices are still high at the Far East ports of Russia (graph)
12:04 Jan De Nul wins IADC Safety Award 2017
11:40 Secretary-General of IMO believes in a great future of Vostochny Port (photo)
11:04 CMA CGM signs strategic partnership with Infosys to accelerate the transformation of its Information System