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Suriname Country Report11th National Data Repository

October 21-24, 2012 Mandarin Oriental Hotel Kuala Lumpur Malaysia

+211 955304266

Overview Staatsolie

History

Founded in 1980

Shareholder: Republic of Suriname

FunctionsCommercial Entity:

Independent, vertically integrated Oil Company

Regulator:Policy, promotion, contracting and supervision of petroleum activities

Core ActivitiesExploration 180,000km2Crude production 16,000 bopdRefining 7,200 bpsdMarketing (bunkering) 720,000 bbls/yearThermal Power Generation 28MW

Two roles of Staatsolie

independent, vertically integrated oil/energy company

Commercial Function

1. Assessment

2. Promotion

3. Contracting

4. Supervision of 3rd

parties

Institutional FunctionOn behalf of Government

Vision, Mission & Responsibilities Petroleum Contracts

To establish Suriname as a prolific oil province.

Vision Execute the

institutional task of Staatsolie

Optimize the value from petroleum activities for our society through prudent resource management, with utmost respect for the environment and the highest regard for safety

Clients:

The Society of Suriname at large, Third Parties

Mission1. Assessment of

petroleum potential

2. Define exploration strategy for open acreage

3. Promote investment by third parties

4. Negotiate petroleum contracts

5. Technical and financial supervision of petroleum activities from third parties

6. Manage petroleum data of Suriname

7. Liaison with governmental authorities

Responsibilities

Division Petroleum Contracts

Open Acreage Management

•Acquisition & processing of new data•Reprocessing of existing data•Evaluation of existing or newly acquired data•Plays/Leads/Prospect generation•Block offerings through Bidding rounds•Lease of data packages•Signing of PSC

Contract Acreage

Management

•Monitoring of work programs •G&G data review•Financial auditing

Petroleum Data

Management

•Data storage•Data release

Block 47

Block 42

Block 45

Block 48

Block 31

53

52

1 2 3 4 6 7

13 14 1536

4443

32

35

5

50

5137

46

54

55

56

57

Surin

ame-

Fren

ch G

uian

a M

ariti

me

Bord

er

Surin

ame-

Guy

ana

Mar

itime

Bord

er

Nickerie Block Coronie Block

Cal

cutta

Blo

ck

Tam

bare

djo

Blo

ck

Uitk

ijk B

lock

Weg

naa

r Ze

e B

lock

Commewijne Block

GuyanaSuriname French Guiana

Guyana

Brazil

EXXON ︵75%︶SHELL ︵25%︶

CGX ︵100%︶

TULLOW ︵30%︶

Georgetown Concession

REPSOL ︵45%︶

CGX ︵25%︶

Stabroek Concession

Corentyne Annex

CGX (100%)Corentyne Concession

Inpex

Kosmos Energy

Tullow Oil

Kosmos Energy

Murphy Oil

Fren

ch G

uiana

-Bra

zil M

aritim

e Bor

der

Tullow 27.5%Shell 45%Total 25%North Pet Investments 2.5%

Apache

Petronas

0 40 80 120 160 km0 40 80 120 160 km

Legend:

Blocks not on offerBlocks under contract

Staatsolie Operated Blocks Staatsolie Oil fieldsBlocks Bid Round 2012 (PSC to be signed)

Blocks Bid Round 2013(28/01/2013 – 26/07/2013)

October 2012

Tambaredjo Oil FieldCalcutta Oil Field

Bid Round 2013

25 wells offshore32,000 km 2D seismic 15,000 km² 3D seismicAeromagGravityReports

Phase 1

•Create TOR (D)•Tender (D)•Evaluate bids (D)•Award bid (D)

Phase 2

•Set-up OW (D)•Set-up WOW (D)•Set-up TWS (D)•Transfer

standalone data to OW (D)

•QC data through WOW (D)

Phase 3

•Populate TWS•Set-up ARCGIS•Populate ARCGIS•Link TWS &

ARCGIS•QC data in OW,

TWS and ARCGIS

Phase 4

•Remastering of legacy data (D)

•Data verification old/new seismic data (D)

•QC data through iGlass

•Recover not-readable data

•Search to complete data of surveys

StatusDone Done

Finish 2013 OngoingNot yet started •Re-mastering of media –

100%•Data verification – 100%•QC data through iGlass – 30%•Recover not-readable data –start 2013• Completeness of data – 35%

Phase 5

•Set-up storage facility for samples (D)

•Store drill-cutting samples

Phase 6

•Add Onshore Exploration data

Phase 7

•Create/Develop module for Production data

•Test loading of production data

Phase 8

•Separate Regulator’s function from commercial entity

Status•Set-up storage facility – 100%•Store samples – 35%

Start 2013 Start 2015Ongoing

Start 2018-2020

Well & Seismic data

Seismic data file Server

ARCGIS Server

Document file Server

GIS data

Integration layer

USER APPLICATIONS/INTERNET

Seismic data file Server

NDC

Petroleum Data Centre

Challenges

• Optimize IT support/cooperation• Solutions for Seismic Field Data • Properly train personnel• Build in security levels for the various clients• Distinct services • Market and price service properly • Dealing with legacy data

– Match navigation data for pre-2000 seismic data– Support for older wells to support G&G evaluations– Find documentation from pre-2005 operators

• Predict storage capacity for the next 5 years