US offshore drilling giant Noble Corporation has clinched a significant contract in Suriname’s increasingly dynamic exploration scene, securing a short-term assignment for its jack-up rig Noble Regina Allen. The deal underscores the strategic importance of the South American nation, which continues to attract the interest of major global energy players.
The contract, awarded by an undisclosed operator, will cover a single well and is slated to commence in the fourth quarter of this year. The operation is expected to last approximately 65 days, with the total value of the agreement estimated at $17.7 million. This figure includes both mobilisation and demobilisation costs, as confirmed by Noble in a recent LinkedIn announcement.
Suriname has emerged as a key frontier in offshore oil exploration, drawing the attention of top-tier companies eager to tap into its untapped reserves. Among the most notable players with confirmed plans for 2025 is US supermajor Chevron. The company is preparing to drill the high-impact Korikori-1 wildcat well, also expected to spud in the final quarter of the year.
This new wave of exploration comes as Suriname positions itself as a strategic complement to neighboring Guyana, where a string of discoveries has already transformed the regional energy landscape. The involvement of heavyweight operators signals rising confidence in Suriname’s deepwater potential, with expectations building around further commercial breakthroughs.
Noble’s latest win not only reinforces its presence in the South American offshore market but also highlights growing momentum in pre-development drilling across the basin. As the year unfolds, all eyes will be on whether the next transformative find will come from these bold exploratory pushes in Suriname’s waters.
SOURCE: Oilspot Suriname