Oil discovered offshore Suriname

PARAMARIBO (CMC):

Petronas Suriname E&P BV, a subsidiary of the Malaysian Energy company Petronas, has made a third hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well offshore Suriname.

The well was spudded in February 2024 and was drilled to a total depth of 5,227 m with zero LTI, encountering several oil and gas-bearing Campanian sandstone reservoir packages.

In a statement on Wednesday, the company said further evaluation is being undertaken to determine the full extent of this discovery and its potential for an integrated development with the recent Roystonea-1 and Sloanea-1 discoveries.

Petronas vice-president of exploration, Mohd Redhani Abdul Rahman, said the success at the well “is a testament to the advancements in our geological comprehension of this region, bolstered by recent breakthrough in Roystonea-1 and Sloanea-1. These discoveries have significantly expanded the prospectivity and integrated oil and gas development potential within Block 52.”

The 4,749-sq km Block 52 lies north of the coast of Paramaribo, Suriname, within the Suriname-Guyana basin.

Petronas Suriname E&P is operator of the block in a 50-50 partnership with ExxonMobil Corp.