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Coronie Internationaal. The state company offered blocks 15, 36 and 37 in its 2006 international bidding round, which also attracted Australia's Hardman Oil and China's Sino Petro New Energy Industrial Group. Hardman and Sino no longer are in the running for this round's blocks. CORONIE, UITKIJK BLOCKS Staatsolie in February signed a PSC for the onshore blocks with its subsidiary Paradise Oil in a joint venture with Hardman, a subsidiary of independent Tullow Oil. The signing of the PSC followed 2.5 years of work, pre-dating the 2006 round. The contract's duration is set at 25 years from the end of the year in which the development plan of the first commercial field in each block is approved.OUTPUT Staatsolie's crude production at end-2006 totaled 4.8Mb from oilfields Tambaredjo and Calcutta. Average daily output last year was 13,160b compared to 11,990b in 2005. Last year, a total of 139 new development wells were drilled, of which 98 were completed into production wells and 41 were plugged and abandoned. At end-2006, 975 wells were in production
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