Executive Summary

Offshore Suriname
Shallow Offshore Bid Round (SHO2) 2023/24
 Eleven shallow water (SHO2) Blocks on offer offshore Suriname
covering a total area of 34,520 km2 including some areas never
previously licenced.
 Significant new play prospectivity defined by comprehensive new
petroleum system modelling confirms maturity & generation from a
regionally active Aptian source rock, in addition to the proven ACT+C
kitchen & deep Jurassic potential.
 New comprehensive basin-wide geochemical analyses has defined
several oil families expelled from mature ‘deep’ and ‘shallow’ marine
organic rich sediments with the Shallow APTIAN margin stratigraphy modelled to be mature & capable
of charging the SHO2 area.
 Newly acquired multi-client 3D seismic data is now locally available for lease to unlock large ‘drill
ready’ prospectivity.
 Independent new prospect mapping of both the new and existing data has defined a total of 90+
Leads & Prospects in the 11 blocks on offer which have an estimated combined STOIIP of over 90+
billion bbls.
 All blocks are offered on competitive ‘minimum work programme’ terms with additional biddable
components and combined with new favourable fiscal terms.
 Management Presentations & Virtual Data Rooms commence from 18th December 2023 with Bids Due
31st May 2024
Introduction: Envoi has been commissioned by which is the primary source for the prolific Golden Lane play
Staatsolie, the national oil company of Suriname, to support trend in the Suriname – Guyana based (Ref: Figure 1).
in the marketing and promotion of their Shallow Offshore Exciting new prospectivity is also being unlocked by the new
Bid Round (SHO2) which officially opened on 7th November multi-client 3D seismic now available to lease from the
2023. consortium (BGP, CGG & TGS) which acquired data over an
The Bid Round comprises 11 Blocks covering a combined area covering the western parts of the open SHO2 acreage
area of 34,520 km2 of acreage which includes much of to the east and south of the previously licenced shallow
Suriname’s shallow offshore area, the majority of which are offshore blocks.
located in water depths generally
less than 150 metres.
Comprehensive new regional G&G
studies have been carried out by
Staatsolie over the last 24+
months, including most recently, a
detailed petroleum systems
modelling study of the whole
offshore area following a
comprehensive geochemical
analysis project of all hydrocarbon
occurrences within the basin.
These studies have positively
advanced the understanding of
the offshore source and charge
potential and confirmed the
Aptian as a mature source capable
of charging the Shallow Offshore
acreage in addition to the proven
ACT+C (Albian, Cenomanian,
Turonian & Coniacian) kitchen
mature in the deep offshore,

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Staatsolie is inviting companies to bid for one or more of the

SHO2 blocks based on a range of minimum and additional
biddable work programme commitments during an initial 3
year Exploration Phase. This involves either the lease or
acquisition of 3D seismic data in blocks that are currently
only partly covered by 3D, or only contain 2D seismic. This
would be followed by a ‘drill-or-drop’ decision to progress to
the next Exploration Phase. One block is being offered on
fully biddable terms due the very limited existing data
within it. Conversely, the blocks covered by the new multi-
client 3D seismic will require leasing directly from the
seismic consortium and a well commitment in the 1st
Exploration Phase.

Prospectivity: The results of a series of regional

offshore studies commissioned by Staatsolie over the last
two years have involved progressive phases of work,
including gravity and magnetic modelling, structural
reconstruction, sequence stratigraphy and gross
depositional analysis, a comprehensive geochemical
source rocks in addition to the already well known and
analysis of all available hydrocarbon samples in the basin
prolific Albian, Cenomanian, Turonian and now Coniacian
leading to most recently the petroleum system modelling of
(ACT+C) source kitchen in the deeper part of the Suriname-
the stacked source rock potential with detailed source
Guyana basin (Ref: Figure 3).
quality, maturity and pressure analysis.
The Aptian and deeper Jurassic stratigraphies are therefore
New Shallow Water Source Potential with Global now highly prospective; deposited on the margins of what
Analogues: The new petroleum system work has updated was (at that time) Gondwanaland with proven analogues on
the prediction of the ultimate expulsion potential (UEP’s) for the North African conjugate, together with exciting new
most of the deep and shallow water areas offshore south Atlantic analogues in the Pelotas and Orange Basins.
Suriname. Significantly, it has also confirmed the maturity (Ref: Figure 2). Although both have previously been
and generative capacity of the Lower Cretaceous Aptian predicted to be mature offshore Suriname, the new

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petroleum systems modelling confirms the Aptian’s true Prospects & Leads: A 3rd party prospect re-mapping has
generative potential and extent. This is supported by the been carried out for Staatsolie which has identified a total
new geochemical analyses that confirm that the different of over 90 prospects and leads on the existing 2D and new
families of oil encountered have been derived from either 3D data within both stratigraphic and structural traps with
deep or shallow marine depositional environments. This targets in both carbonate and clastic plays in the lower and
work has been instrumental in de-risking the SHO2 acreage upper Cretaceous as well as the overlying Tertiary
which is no longer reliant purely on long range migration stratigraphy.
from the prolific ACT+C source kitchen for its charge (Ref:
Figures 4 & 5). The new modelling also confirms the These are volumetrically assessed to contain an estimated
generative potential of the deeper Jurassic sediments. aggregate of over 91 billion bbls unrisked ‘mean’ STOIIP. Of
these, some 30 prospects have a STOIIP over 1 billion bbls
Regional SHO2 Acreage Prospectivity: The 11 blocks with the largest over 7 billion bbls.
on offer, exhibit a wide range of potential plays and
prospectivity which can be broadly subdivided into four SHO2 Data Package: Companies will be able to view the
areas. available data free in the VDRs and can also lease the data
for in-house review. The SHO2 data package, includes a total
These include the western part of the SHO2 area of 12 wells, together with a combined total of 15,000km of
immediately to the south of the blocks awarded in the first existing 2D and 4,371 km2 3D seismic in addition to relevant
shallow offshore round (including Total & Chevron operated key independent regional and prospectivity reports.
groups) where Blocks 1 and 2 (Ref: Figures 1 and 4), lie in
shallow water immediately off the Suriname coast. The Access to the new multi-client 3D seismic is being managed
northern part of this acreage is now covered by the new separately by the consortium (BGP, CGG and TGS) which
multi-client 3D that highlights the play potential that could acquired these data, and viewing can be arranged by
be unlocked by additional 3D coverage over this acreage, contacting them directly as detailed in the Instructions to
which has not been possible purely on the existing old and Bidders (the ‘ITB’) document available from the Staatsolie
relatively sparse 2D seismic in this acreage. SHO2 bid round website pages (See Additional Information
Blocks 9 -12, which lie immediately to the east of the below).
existing shallow offshore Licences and to the south of the
“Golden Lane” trend, are expected to be considered the most
Commercial Overview: All the SHO2 blocks are being
offered with modest ‘minimum work programme
prospective acreage on offer due to the evidence of large
commitments’ and the opportunity to add ‘biddable work
drill ready prospects mapped on the new high quality multi-
programme elements’ for the initial 3 year, phase 1
client 3D. These include targets within stacked Lower and
exploration terms.
Upper Cretaceous carbonate and clastic plays on the shelf
slope charged by both the ACT+C and Aptian source Together with the favourable fiscal terms that have been
kitchens. specifically tailored to the known prospectivity and
technical risks in each area, the SHO2 terms have been
Blocks 13, 14 and 15 are situated immediately to the east
designed to be competitive and ensure that even modest
of the prolific “Golden Lane” trend, immediately adjacent and
sized discoveries can be commercialised.
updip of the mature Aptian and ACT-C source kitchens. As a
result, 13, 14 and the northern part of 15 are considered Additional Information: Staatsolie has allowed an
likely to be as prospective as Blocks 9-12, but at present are initial 5 week period for interested parties to register before
only partially covered by the new multi-client 3D seismic and the data rooms open in mid-December 2023. These will
would therefore benefit from additional 3D seismic remain open until the end of April 2024 when they will then
coverage prior to drilling. be closed to new registrations. This ensures a total of 6
months is available for those engaging early, and submitting
Blocks 16 and 17 cover the eastern shelf margin and their registration before mid-December, and before final bids
southern Demerara area. Block 17 has never previously been are due on 31st May 2024.
offered in a licence round.
Full and detailed instructions on the process, timing and
All these 5 blocks (i.e. Blocks 13 to 17 including parts of the measure of the SHO2 bid round are contained in the
recent Block 61 relinquishment acreage that are now Invitation to Bidders (the ‘ITB’) document, which can be
covered by Blocks 14, 15 and 17) are in need of additional found and downloaded by anyone interested party from the
3D seismic data to fully unlock their play potential, where dedicated Staatsolie SHO2 Bid Round web pages:
substantive prospectivity can already be mapped on the www.staatsolie.com_SHO2_Bid_Round_2023-24 Pages
existing seismic data including, structural and stratigraphic
plays charged by the Aptian source interval. The lower
Companies wishing to register for the SHO2 bid round will
minimum work programme commitments in these blocks,
need to download and complete both the Registration Form
should also make them attractive to E&P companies looking
and relevant Confidentially Agreements (CAs) which can also
for lower cost entry.

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be found and downloaded from links on the same Staatsolie

web pages.

Once submitted companies which pass the necessary E&P

and resource criteria will be ‘authorised as bidders’, by
Staatsolie and can then book a Management Presentation
through Envoi. These will start on and after 18th December
once the Geotechnical VDR is opened for access.

A copy of this Envoi SHO2 bid round flyer can also be found
on the appropriate active projects page of the Envoi
websites www.envoi.co.uk/Suriname.

A more detailed Synopsis on the prospectivity of the SHO2

acreage will be made available in due course, which will
provide much more information and insight into the SHO2
prospectivity.

Please address all queries about the SHO2 bid round by

email to ENVOI Limited in London (commissioned as A&D
advisor for the Bid Round), copied to Staatsolie as follows:
Envoi Limited
Old Stables House, 1d Manor Rd,
London, W13 0LH, United Kingdom

T: +44 (0)20 8566 1310

E: [email protected]
I: www.envoi.co.uk

Staatsolie Hydrocarbon Institute (SHI)

Dr. Ir. H.S. Adhinstraat # 21
Paramaribo, Suriname

E: [email protected]
I: www.staatsolie.com

Disclaimer: The information in this memorandum is for guidance only. Neither Envoi Limited (Envoi), or
Staatsolie nor any director, officer or employee of Envoi or Staatsolie accepts responsibility for, or makes
any representation or warranty, express or implied, with respect to the accuracy or completeness of the
information, estimates and opinions contained in this document. This document does not constitute an
offer, and neither this document nor the information, estimates and opinions contained in it shall form
the basis of any contract. Companies wishing to acquire an interest in the project will be expected to make
their own review of all documents and form their own judgments entirely.

Envoi Limited 2023

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