• Will APA invest $10 billion to extract oil from Suriname?
  • (AP Photo/Richard Drew) PARAMARIBO, Suriname (AP) ¡ª France¡¯s TotalEnergies and U.S. hydrocarbon company APA Corp. plan to invest $10 billion to extract oil off the coast of Suriname in a historic investment for the South American country, officials announced Tuesday.
  • When did Suriname start building a new refinery?
  • Staatsolie Maatschappij Suriname began construction works on the expansion of its Tout Lui Faut Refinery, located 20km south of Paramaribo, the capital city of Suriname, in February 2012. The expanded refinery¡¯s vacuum distillation unit became operational in December 2014, while the facility was fully commissioned in December 2015.
  • How much oil has been discovered in sapakara South & krabdagu?
  • Appraisal of the two main oil discoveries, Sapakara South and Krabdagu, was successfully completed in August 2023, with the drilling and testing of three wells, and confirmed combined recoverable resources close to 700 million barrels for the two fields.
  • How many bopd does Suriname produce?
  • The company currently produces 17,000 bopd, CEO Annand Jagesar told The Energy Year in a recent interview. However, Suriname¡¯s energy scene is poised for major changes following a series of commercial offshore oil discoveries made in late 2019 and 2020 by APA Corporation, TotalEnergies, Petronas, Tullow and Kosmos.
  • Who are Staatsolie Maatschappij & PetroChina Investment Suriname?
  • 13 September 2024 Staatsolie Maatschappij Suriname N.V. (Staatsolie) and PetroChina Investment Suriname B.V. (PetroChina), a subsidiary of China National Petroleum Corporation, signed production sharing contracts for offshore blocks 14 and 15 on Friday 13 September 2024.
  • How much money did Staatsolie Maatschappij Suriname borrow?
  • Staatsolie Maatschappij Suriname provided funding for approximately 75% of the $1bn expansion project, while $275m was borrowed from ING, Credit Suisse and other regional banks. Local bonds worth roughly A$55m were also issued in support of the project.