Suriname's state oil firm signs production-sharing deal with Columbus

PARAMARIBO - Suriname’s state-owned oil firm said on Friday it had signed a production-sharing agreement for the onshore Weg Naar Zee (WNZ) block with Britain-based oil and gas exploration company Columbus Energy Resources.
 
In a statement, the company, Staatsolie Maatschappij Suriname, said the two firms had signed a 30-year agreement which would carry out a “minimum exploration program” in the 90,100-hectare block during the first seven years.
 
“For Columbus, WNZ is a low-cost, low-risk entry into a block with an estimated 24 million barrels in a proven hydrocarbon province,” Columbus Executive Chairman Leo Koot said in a separate news release.
 
Oil discoveries in neighboring Guyana have led to optimism in Suriname that the same formations continue across the border into the former Dutch colony, which has a population under 600,000.
 
Staatsolie has already signed production-sharing agreements with Exxon Mobil Corp and Tullow Oil Plc.
 
Suriname has not made any commercially viable offshore oil discoveries so far. Exxon has discovered more than 5 billion barrels of oil in Guyana and expects to start producing next year.

St. Maarten one step closer to averting FATF blacklisting

PHILIPSBURG--St. Maarten came one step closer to being compliant with the Financial Action Task Force (FATF) recommendations and avoiding being publicly listed as a jurisdiction with weak measures to combat money-laundering and terrorism-financing on Friday when Members of Parliament (MPs) unanimously passed the National Ordinance amending the Penal Code in connection with the implementation of some urgent international obligations.

CU wil wet tegen kindermishandeling BES-eilanden

BES EILANDEN - De ChristenUnie wil dat er een nieuwe wet komt tegen kindermishandeling op Bonaire, Sint Eustatius en Saba. De kleinste regeringspartij roept het kabinet op werk te maken van een wet die fysiek en psychisch geweld tegen kinderen ook op de BES-eilanden verbiedt.

Lawyers say the government's appeal in dump case is incomprehensible

PHILIPSBURG--There is still unlawful nuisance and the odour at the sanitary landfill must be removed. The Country St. Maarten considers itself committed to the Fire Suppression Plan but does not want to commit itself to a specific date.