(Energy Analytics Institute, 10.Nov.2020) — Ratio Suriname, an affiliate of Tel Aviv-based Ratio Petroleum announced the decision to drill the Goliathberg Voltzberg North (GVN) prospect in Suriname’s Block 47 during the first quarter of 2021.
What follows is an update from Ratio related to its activities on Block 47 offshore Suriname.
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Tullow Oil operates Block 47 and holds a 50% working interest along with partners Ratio Suriname with a 20% interst and Pluspetrol with a 30% interest.
Block 47 covers an area of approximately 2,350 square kilometers at water depths ranging between 1,300 and 3,000 meters.
After Ratio Petroleum’s Eitan Aizenberg identified the potential in the Guyana-Suriname Basin in 2011, Ratio Petroleum’s professional team began studying and analyzing the basin.
In August 2017, Ratio Suriname entered into a farmout agreement with Tullow to purchase 20% of its rights in Block 47.
In November 2017, Tullow entered into an agreement with Pluspetrol to transfer 30% (out of 100%) of the rights in Block 47.
In July 2019, the partners in Block 47 decided to continue to sup period B of the exploration plan, which includes a commitment to an exploration drill. The partners choose the “Goliathberg Voltzberg North” prospect as the potential leading prospect for drilling.
The acquisition of rights in Block 47 corresponds with Ratio Petroleum’s desire to expand its presence in the Guyana-Suriname Basin.
August 2020, Ratio Petroleum announced the decision to drill the Goliathberg Voltzberg North (GVN) prospect during the firtst quarter of 2021.
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By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.
