Kosmos Energy Ltd., Dallas, has signed production sharing contracts for deepwater blocks 42 and 45 in the Atlantic off Suriname.
The company’s first exploratory acreage outside West Africa, the blocks are unexplored. Water is 650-8,500 ft deep. Block 42 covers more than 1.5 million acres and Block 45 is 1.3 million acres. Kosmos will operate both with 100% working interest. The blocks lie 110-200 miles off Paramaribo.
Kosmos will shoot 3D seismic in the initial exploration phase and could start drilling as early as 2014. The exploration concept is an extension of the Upper Cretaceous stratigraphic play system that Kosmos unlocked on the West African side of the South Atlantic Transform Margin.
Alan Petzet | Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
