Suriname has launched its 2022-2023 bid round featuring six offshore blocks in the under-explored Demerara area to the north-east of major discoveries made by TotalEnergies and partner APA Corporation.

The news came as neighbouring Guyana rolled out plans to host an eagerly awaited auction for 14 offshore blocks next year, using a revamped regulatory framework to boost earnings and competitiveness in the sector.

Suriname state-owned oil company and market regulator Staatsolie said blocks 63, 64, 65, 66, 67 and 68 will be up for grabs, in water depths ranging from 400 to 3500 metres.