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PETRONAS makes latest oil and gas discovery in Suriname’s Offshore Block 52

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PETRONAS Suriname E&P B.V., a subsidiary of PETRONAS, has announced its third hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well. This site is located approximately 170 kilometers offshore Suriname and 9 kilometers east of the Roystonea-1 discovery.

The Fusaea-1 well was spudded in February 2024 and drilled successfully to a total depth of 5,227 meters without any lost time incidents. The drilling operation encountered several oil and gas-bearing Campanian sandstone reservoir packages. Ongoing evaluations are being conducted to determine the full extent of the discovery and its potential integration with the recent Roystonea-1 and Sloanea-1 finds.

Datuk Adif Zulkifli, PETRONAS’ executive vice president and chief executive officer of upstream, commented, “The favorable results attained from the Fusaea-1 exploration well have solidified PETRONAS’ standing in Suriname for material hydrocarbon resources, following the Sloanea-1 and Roystonea-1 discoveries.”

Mohd Redhani Abdul Rahman, PETRONAS vice president of exploration, added, “The success of Fusaea-1 is a testament to the advancements in our geological comprehension of this region, bolstered by recent breakthroughs in Roystonea-1 and Sloanea-1. These discoveries have significantly expanded the prospectivity and integrated oil and gas development potential within Block 52. In pursuit of sustainable and high-value material resources, PETRONAS remains committed to its exploration activities in selected focus regions as part of its portfolio rationalization efforts.”

Block 52, covering an area of 4,749 square kilometers, is situated north of the coast of Paramaribo, Suriname’s capital, within the prospective Suriname-Guyana basin. PETRONAS Suriname E&P operates Block 52 with a 50 percent participation interest in partnership with ExxonMobil.

Besides Block 52, PETRONAS Suriname E&P also operates Block 48 and Block 63 with 100 percent participating interest and holds a 30 percent non-operating interest in Block 64.

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