Chevron Suriname Exploration Limited has initiated drilling operations for the Korikori-1 exploration well in the northern section of Block 5, located approximately 78 kilometers off the coast of Suriname. This marks a significant milestone in the development of the Suriname-Guyana Basin. The drilling campaign, expected to last around ninety days, is being conducted using the Noble Regina Allen drilling platform, which arrived in the region earlier this month. The National Environmental Authority granted Chevron the necessary permits for these activities in late July 2025. The exploration aims to assess the presence, quality, and quantity of hydrocarbons in the subsurface. Upon completion of data collection, an initial evaluation of the area’s potential will follow. Supplies, including fuel and consumables, will be sourced from Surinamese port facilities, while personnel will be flown in from Paramaribo. This project is expected to create additional opportunities for local businesses and suppliers to engage in the growing offshore industry. Block 5, part of Suriname’s western shallow offshore region, covers an area of approximately 2,200 square kilometers, situated between 45 and 82 kilometers off the coast of the Nickerie district, at water depths ranging from 30 to 60 meters.