ExxonMobil Acquires Interest in Acreage Offshore Suriname
- Exxon
Mobil Corporation (NYSE:XOM) announced today that its subsidiary
ExxonMobil 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 ExxonMobil’s
operated portfolio in the Guyana-Suriname Basin.
Deepwater Block 59 is in water depths ranging from nearly 2,000 meters to 3,600 meters, located approximately 190 miles (305 kilometers) offshore Suriname’s capital city, Paramaribo. The block is 2.8 million acres, or 4,430 square miles, and shares a maritime border with Guyana, where ExxonMobil is the operator of three offshore blocks, including the world-class Liza field discovered by ExxonMobil 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 ExxonMobil Exploration Company. “Adding this block enhances our leading global deepwater portfolio.”
Suriname represents a new country for ExxonMobil’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.
ExxonMobil and consortium partners Hess and Statoil each hold a third of the interest in the block. ExxonMobil is the operator.
CAUTIONARY NOTE:
Statements that reference future events or conditions in this press release are forward-looking statements. Actual future results, including project plans, costs, and schedules, production rates, and resource recoveries may differ significantly from the forecasts, depending on changes in oil or gas prices and other market or economic factors that affect the petroleum industry; the outcome of development programs; reservoir performance; unexpected technical difficulties or other technical or operating factors; the actions of governmental authorities or regulatory agencies; and other factors listed under the heading “Factors Affecting Future Results” on the Investor page at the ExxonMobil website at www.exxonmobil.com and in Item 1A of ExxonMobil’s most recent Form 10-K. References to barrels of oil and other quantities of oil or gas in this release include volumes that are not yet classified as proved reserves under SEC definitions, but that we believe will ultimately be produced.
About ExxonMobil
ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is the largest refiner and marketer of petroleum products, and its chemical company is one of the largest in the world. Follow ExxonMobil on Twitter at www.twitter.com/exxonmobil.
ContactsExxonMobil
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Media Relations, 832-625-4000
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Agreement expands ExxonMobil operated acreage in the Guyana-Suriname
basin - Deepwater block 190 miles offshore Suriname
- Preparations underway to begin exploration activities
IRVING, Texas–(BUSINESS WIRE)–Exxon
Mobil Corporation (NYSE:XOM) announced today that its subsidiary
ExxonMobil 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 ExxonMobil’s
operated portfolio in the Guyana-Suriname Basin.
Deepwater Block 59 is in water depths ranging from nearly 2,000 meters
to 3,600 meters, located approximately 190 miles (305 kilometers)
offshore Suriname’s capital city, Paramaribo. The block is 2.8 million
acres, or 4,430 square miles, and shares a maritime border with Guyana,
where ExxonMobil is the operator of three offshore blocks, including the
world-class Liza field discovered by ExxonMobil 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 ExxonMobil Exploration Company. “Adding this block enhances
our leading global deepwater portfolio.”
Suriname represents a new country for ExxonMobil’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.
ExxonMobil and consortium partners Hess and Statoil each hold a third of
the interest in the block. ExxonMobil is the operator.
CAUTIONARY NOTE:
Statements that reference future events or conditions in this press
release are forward-looking statements. Actual future results, including
project plans, costs, and schedules, production rates, and resource
recoveries may differ significantly from the forecasts, depending on
changes in oil or gas prices and other market or economic factors that
affect the petroleum industry; the outcome of development programs;
reservoir performance; unexpected technical difficulties or other
technical or operating factors; the actions of governmental authorities
or regulatory agencies; and other factors listed under the heading
“Factors Affecting Future Results” on the Investor page at the
ExxonMobil website at www.exxonmobil.com
and in Item 1A of ExxonMobil’s most recent Form 10-K. References to
barrels of oil and other quantities of oil or gas in this release
include volumes that are not yet classified as proved reserves under SEC
definitions, but that we believe will ultimately be produced.
About ExxonMobil
ExxonMobil, the largest publicly traded international oil and gas
company, uses technology and innovation to help meet the world’s growing
energy needs. ExxonMobil holds an industry-leading inventory of
resources, is the largest refiner and marketer of petroleum products,
and its chemical company is one of the largest in the world. Follow
ExxonMobil on Twitter at www.twitter.com/exxonmobil.
Contacts
ExxonMobil
Media Relations, 832-625-4000
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