Chevron Set to Drill Exploration Well off Suriname Later in October

Chevron Suriname Exploration, a subsidiary of U.S. oil major Chevron, is about to start drilling the Korikori-1 exploration well in Block 5, offshore Suriname.

The drilling operation, planned to start later in October, will be conducted with Noble Corporation’s Noble Regina Allen jack-up rig, according to Suriname’s state-owned oil firm Staatsolie.

The well is located approximately 78 kilometers offshore, in the north-central part of Block 5 at a water depth of around 40 meters.

The drilling will take approximately 90 days and aims to confirm the presence of hydrocarbons in the subsurface. Upon successful termination of the well operations and data acquisition, initial indication of quantity and quality of any hydrocarbon present can be estimated.

The rig, expected to arrive to Suriname in the first half of October, will be supplied from Surinamese port facilities (shore base) including fuel and consumables.

Personnel will be flown to the rig from Paramaribo. This contributes to increasing opportunities for local entrepreneurs and suppliers of goods and services to participate in Suriname’s offshore oil and gas industry (local content).

Block 5