Suriname

Summary Information

Asset	Weg Naar Zee (WNZ)
Location	Onshore, Suriname
Ownership	100%
Operator	BPC
Stage	Appraisal / Extended Well Test
Asset Type	Production Sharing Contract
STOIIP	24.1mmbbl* (over 8 pools)
Fiscal Regime	Cost recovery and R-Factor based production sharing
Tenure	3-year exploration period to October 2022 30-year PSC term to October 2039 or 25-years from approval of first development plan, whichever is later

* Subject to BPC review during balance of 2020

Proven Oil with 70 wells drilled within the WNZ block and 114km of 2D seismic acquired
Well testing program targeting up to STOIIP 24* mmbbl spread over 8 pools (first target comprises approx. 50% of total STOIIP)
The work program comprises geological and geophysical studies and two extended well tests during initial 3-year period
It is anticipated that should the extended production tests be successful then their future development could lead to additional production in excess of 500 bopd

WNZ is an onshore block -approximately 900km² which is located close to both Paramaribo (Suriname capital) and the existing oil sales infrastructure of the main onshore Tambaredjo production field and local refinery
Extensive 2D seismic data and previous well information (including well test data) is available to assist in future development of hydrocarbons from WNZ
Discovered oil in mapped discrete sand bodies
Suitable for application of Enhanced Oil Recovery techniques used in Trinidad