Suriname - License Round Promotion

Suriname is located on the Northeast coast of South America, just north of the Amazon Delta. Suriname, formerly Dutch Guyana, gained its independence from The Netherlands in 1975. Suriname began on-shore petroleum operations in 1982. By 2004, the State Oil Company of Suriname – Staatsolie Maatschappij Suriname BV – was producing over 11,500 barrels per day from two fields the Tambaredjo and Calcutta fields. The main production comes from the Tambaredjo field that began producing in 1982; in 2003 a discovery was made in the neighbouring Calcutta block where full scale production development activities will be completed in 2006. The remaining proven reserves of the fields are calculated as 85 mmbls, with 69 mmbls in Tambaredjo and 16 mmbls in Calcutta.

Blocks available	Area (sq.km.)	Area (Acreas)	Dates
15	2552	630,605	Bidding Round Announcment 1 January 06
36	3407	841,920	To 2 July 06: Qualifications of Oil company
37	8758	2,164,139	March 6th: Presentation at APPEX, London July 2nd: Closing data of Bids Until end July 06: Bid evaluation 2nd August: Invitation to negotiate 4th Quarter 2006 PSC signing

Data and Reports available from IHS

IHS Studies: An Economic, Political And Petroleum Systems Review Of The Hydrocarbon Potential Within Disputed Areas: Guyana Suriname, 2004

Basin Monitors:  Guyana Basin

GEPS Reports: IHS’ flagship E&P reporting package. GEPS is established as the market leader in the provision of definitive, up-to-date, accurate and detailed information.

PEPS Reports: PEPS is a powerful, searchable online service providing constantly updated upstream economic, fiscal and commercial data and analysis.

Ron Harper - Regional Manager of the Latin America team

Ron Harper is Area Coordinator for the Caribbean/Central America Region for IHS based in Houston. In this role, he has responsibility for writing the GEPS reports for the area, as well as contributing to the International Oil Letter on a regular basis. Additionally, he publishes articles in well-known publications such as The American Oil and Gas Reporter and the PESGB. Ron has an extensive contact network throughout the Caribbean and Central America region. He also serves as the Coordinator for the Latin America Industry Forum in Houston.

Ron Harper joined IHS in Houston in October 2003 after working for Marathon Oil Company in Houston for thirteen years. At Marathon, he held the position of International Scout for 9 years and was an Industry Analyst responsible for Competitive Intelligence for four years. Prior to Marathon, he was self-employed in the service industry of the Oklahoma oil patch and with Panhandle Eastern Pipeline Co. in the Oklahoma Panhandle.

Ron Harper attended the University of Houston and Southern Nazarene University where he majored in Psychology/Sociology.

Based in our Houston office Ron can be contacted at: ron.harper@ihs.com.