Suriname’s state oil company Staatsolie is accepting proposals for offshore blocks, a company official told BNamericas.

“We are executing an open door policy for blocks 45-48,” said the official, adding that a formal bidding round has not been scheduled for this year.

Staatsolie’s 2008-12 investment program envisions US$85mn for exploration with the aim of increasing reserves by 64Mb (proven reserves at end-2008 totaled 80.6Mb) and sustaining production at 16,000b/d.

In the first half of 2009, the company produced 2.89Mb of crude, which was slightly behind the target of 2.92Mb and down 2.1% compared to 1H08.

Companies active in Suriname include Repsol YPF (NYSE: REP), Noble Energy (NYSE: NBL), Petro Hunt, Inpex, Murphy Oil (NYSE: MUR) and Paradise Oil.

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