"Some of the world’s top oil companies are betting that the next big oil discovery will be in the offshore waters of Suriname a small former Dutch colony on the northeast coast of South America.

Billions of barrels of crude are thought to be buried beneath Suriname’s shallow coastal waters and offshore in deep water. Where is it exactly? Somewhere within a 93,000-square-mile area of the Atlantic Ocean just offshore from Suriname. Exploratory activities by several oil companies started a few years ago and some are now poised to drill wells under production-sharing agreements with Suriname’s state oil company Staatsolie Maatschappij Suriname N.V. (Staatsolie).

The offshore area thought to hold a vast reservoir of oil is virtually unexplored, with only some two dozen exploration wells having been drilled there. Though the results were disappointing, anticipation is nevertheless building over the possibility of a big discovery, now that some drilling is about to start following extensive exploration and analysis."

http://www.washingtontimes.com/news/2014/oct/9/some-of-the-worlds-top-oil-companies-are-betting-t/