Oil and gas company, Tullow Oil and its partners have decided to drill an exploration well in Block 47 located offshore Suriname next year.
Tullow said in an operational update on Wednesday that together with its Joint Venture Partners it had decided to enter the second phase of operations in Block 47.
Following recent meetings, the Joint Venture Partners have chosen to drill the Goliathberg-Voltzberg North prospect in 2020, Tullow added.
The prospect lies approximately 260 kilometers off the coast of Suriname, in 1,900 meters of water and is one of a series of leads and prospects on the flank of the Demerara High.
Tullow has interests in three blocks in Suriname, Blocks 54, 62, and 47.
The company signed a Production Sharing Contract with Staatsolie in relation to Block 47 in September 2010. It is a 2,369 sq km deepwater exploration license where there is potential to extend the Jubilee play from West Africa across the Atlantic to Suriname.
Tullow’s partners in Block 47 are Pluspetrol and Ratio Exploration with 30% and 20% interests, respectively.