Chevron joins Kosmos on blocks offshore Suriname

Kosmos Energy Co., Dallas, and Chevron Global Energy Inc. have signed a joint exploration agreement regarding blocks 45 and 45 offshore Suriname.

Chevron Global will be assigned a 50% working interest in the blocks. Kosmos will remain operator with 50% working interest until the end of the exploration phase. Chevron will assume the remaining 50% working interest and will be the operator following any commercial discovery.

Chevron noted that the blocks are on trend with new deepwater Cretaceous discoveries.

Blocks 42 and 45 total 2.8 million gross acres in 650-8,500 ft of water 155 miles offshore Paramaribo (see map, OGJ, June 4, 2012, p. 43).

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