There is continued interest in offshore Suriname. Apache has 100% working ownership in block 58 and plans to spud a well in September 2019.

According to Upstream Online the Noble Sam Croft is expected to complete the work for Apache. It was indicated that Apache may receive the vessel as early as mid-August.

The Noble fleet status reports indicates that the contract is set to begin in September. The contract goes through to late November. The website indicates that the contract is for 1 well for firm term, plus 3 additional well options. Drilling of the first well is expected to take between 30 and 60 days.

Noble has also supplied the Noble Tom Madden to Exxon for work in Guyana until Mid-2020 and the Noble Don Taylor is expected to begin work in October 2019.

Earlier this year Apache said in its Budget and Capital Outlook that it offers significant upside value potential through its current 100 percent ownership in Block 58 offshore Suriname and recently the Apache Chief Executive, John Christmann said that "We believe that Block 58 offers tremendous potential and multiple wells across the block will likely be warranted for proper evaluation irrespective of the initial well's outcome".

Photo: Noble Sam Croft