Staatsolie Awards Occidental Block 32 Offshore Suriname

Staatsolie and Occidental have completed negotiations for offshore block 32. This block lies in water depths of primarily 1500 to 3000 meters and is located to the north of the Repsol YPF's Block 30. Occidental would like to begin seismic exploration as soon as possible to be able to make use of the big dry season. Staatsolie and Occidental signed a Memorandum of Understanding (MoU) earlier this year, based upon which the negotiations have taken place.
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