Petrochemical giant ExxonMobil Corporation has announced that its subsidiary, ExxonMobil Exploration and Production Suriname B.V., along with co-venturers Hess and Statoil, has signed a production sharing contract for Block 59 with the national oil company of Suriname. The block adds significant acreage to ExxonMobil’s operated portfolio in the Guyana-Suriname basin, located approximately 190 miles offshore Suriname’s capital city, Paramaribo.
The block is 2.8 million acres and shares a maritime border with Guyana, where ExxonMobil is the operator of three offshore blocks, including the world-class Liza field discovered in 2015. Suriname represents a new country for Exxon Mobil’s upstream business.