tradingkey.logo

Chevron to begin drilling at Suriname's Block 5 in October, minister says

ReutersSep 25, 2025 3:12 PM

- U.S. energy producer Chevron CVX.N is expected to begin drilling at Suriname's shallow-water Block 5 next month, the country's oil minister, Patrick Brunings, said.

"They will be drilling the Kori Kori well," he said in a TV interview this week. "If this well does indeed contain oil or gas, it will of course be very important for the region because it is much closer to the coast."

Following a competitive bidding process, Chevron in late 2021 acquired an operating interest in the area. The company also acquired an 80%-interest in adjacent shallow water Block 7 the following year, and it has 33.3% of offshore Block 42.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI