Large oil reserve discovered off the coast of Suriname
#Suriname, August 26, 2022 – Oil miners have discovered another large oil reserve off the coast of Suriname in Block 53. The announcement was made by the American oil company, APA Corporation (APA) and Suriname’s Staatsolie on Tuesday.
The oil was found in the Baja-1 well, which was drilled to a depth of 5,290 meters and encountered 34 meters of net oil payment. Since January 2020, five successful discoveries were made in Block 58.
Preliminary analyses indicate light oil with a gas-to-oil ratio of 1600 to 2200 standard cubic feet per barrel in a good quality reservoir. The discovery at Baja-1 is from the same deposition system as the Krabdagu discovery, 11.5 kilometres to the west at Block 58.
President and Chief Executive Officer of APA, John J. Christmann, commented on the oil discovery.
“Our success at Baja marks the 6th oil discovery we have participated in offshore Suriname and the first on Block 53,” said Christmann.
He also noted that; “This result confirms our geologic model for the Campanian in the area and helps to de-risk other prospects in the southern portion of both Blocks 53 and 58.”
APA said it recently received regulatory approval regarding an amendment to the Block 53 Production Sharing Contract (PSC) with Staatsolie, which provides options to extend the exploration period of the PSC by up to four years.
The company is currently progressing through the formalization of the election of the first one-year extension, for which all work commitments are complete.
In a statement about the latest oil discovery, the President of Suriname, Chandrikapersad Santokhi, said, “Suriname is another step closer to commercial exploitation.”
He added that the results as presented “make us stand with both feet on the ground at the same time, while the dot on the horizon takes on more and more solid shapes”.
The authorities said the results from Block 58 point to the complexity and dynamics of the industry. They also noted that the results showed a water reservoir in this block. This gives a good indication of the enormous potential that Suriname has as a player in the field of oil and gas.
The government is awaiting further information from the oil companies. In the meantime, intensive discussions are being held between Staatsolie and the foreign companies about the first development in the sea area to arrive at the ‘so-called’ final investment decision.
Hunger rates rise in Latin America and the Caribbean
June 5, 2023 – It’s an unfortunate reality for Latin America and the Caribbean as the number of people suffering from hunger surged by 30 percent; 56 million people now facing hunger, a large increase from 43 million in 2019.
It was revealed by Mario Lubetkin, Deputy Director General and Regional Representative for Latin America and the Caribbean of the Food and Agricultural Organization (FAO), where he further informed that the war in Ukraine, COVID-19, and the ongoing climate crisis are to blame for the surge.
Regarding the climate crisis, he emphasized that climate related challenges are on the rise as the region experiences combinations of droughts and floods; and to combat this, he expressed that proactive measures should be put in place to prepare farmers for potential severe impacts.
To help mitigate the surge in hunger rate, he put forth a three fold approach.
The first is the importance of effectively managing the current situation by whatever means necessary; for the second, he fingered the need for the creation of sufficient funds to mitigate the impact on farmers, for the third, he highlighted the need for collaboration among Governments, public sectors, and private sectors in order to mollify the burden of rising prices on consumers.
These highlighted efforts are in line with the aspirations and duties of the FAO which is devoted to supporting family farming, which makes up 80 percent of the workforce in the Agriculture sector.
Additionally, Lubetkin spoke of FAO’s commitment to quality products and brought attention to the United Nations Decade of Family Farming, which is geared towards eradicating hunger, ensuring food security, and promoting sustainable development in rural areas.
The organization also aims to enhance food security, a needed element in the regions, through innovation and digitization processes for example “1,000 digital villages,” one of their projects aids countries in using digital tools in agri-food systems and rural territories.
Woman who lost foot is Alexandra Truwit, Yale Grad & All American Swimmer
By Dana Malcolm
#TurksandCaicos, June 5, 2023 – A champion swimmer, marathon runner, Ivy League graduate and world traveler with a huge smile– that is Alexandra Truwit; at only 22 years old, she has a whole life ahead of her, one that may have now been made exponentially harder by the loss of her foot in an incident which continues to be unconfirmed, but reported as a shark attack off the coast of Providenciales.
Magnetic Media learned Truwit, who is a very experienced swimmer, was on a private charter captained by an employee of Big Blue Collective (not a Big Blue Charter). She was bitten by what eyewitnesses think could have been a Caribbean Reef Shark and her foot below the ankle was completely severed.
It’s a heartbreaking incident exacerbated by the young woman’s obvious love for- and proficiency in- the water.
The Yale website describes Truwit as a Two-time USA Swimming Academic All-American. Featured as a ‘Teen Titan’ in her high school, she was one of ten young people chosen for the school’s magazine.
Truwit, who has a twin brother, cites nail art and baking as her life joys. Already having survived ‘mono’ as a teen, she volunteers as a Special Olympics “hugger” and started a Special Olympics club at her high school.
She was airlifted from the Turks and Caicos on the day of her accident and there have been no updates on her condition so far. Residents in the TCI and the US have expressed via social media their best wishes for the young achiever and must now wait, hoping for the best possible outcome.
One resident said, “So sorry Alexandra you had to encounter such a traumatic experience while on vacation on our beautiful Island. I am praying for a successful surgery and speedy recovery for you, hopefully, the surgeon can work their magic for you.”
Governor’s Appointed Member touts Civil Service Upgrade during Budget Debates
By Dana Malcolm
#TurksandCaicos, June 5, 2023 – There are sweeping changes coming to the civil service this year after years of complaints about delays and understaffing.
“For the year 2023/24, the office of the Deputy Governor has a very ambitious public sector transformation centered around improving service delivery and the customer experience.”
This came from Governors Appointed Member Willin Belliard, as he rose in the budget debates on Thursday May 18 to detail the revamp.
Phase one of E-procurement which will allow for the virtual submission of tenders is to be implemented. Along with that will come E-Jobs, a similar system touted to make job applications virtual, swift and easy.
Implementation of the Human Capital Procurement Program is also on the list of deliverables. Human capital is sorely lacking in the Turks and Caicos across the public and private sectors with hundreds of vacancies sitting open and resignations continuing to pile up.
Public servants will also find it easier to enroll into the all new Public Sector Pension Plan with the advent of a portal to remove the need for paper based applications.
The previously announced pay grading exercise is on the table to be completed and a Contract management unit has now been created to manage the delivery of projects that taxpayers are funding.
Residents of the Turks and Caicos have complained bitterly about the state of the civil service in the country for years. From police records to the treasury, the service is characterized by low staffing, frustrating wait time and long lines.
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