Petronas makes discovery off Suriname

PARAMARIBO, May 16, 2024 – Petronas has made a third oil and gas discovery in Suriname’s offshore Block 52, the Malaysian company announced on Wednesday.

Drilling of the at the Fusaea-1 exploration well, spudded in February, reached a total depth of 5,227 metres, encountering several oil and gas-bearing Campanian sandstone reservoir packages.

Further evaluation is being undertaken to determine the full extent of the discovery, as well as its potential for an integrated development with the recent Roystonea-1 and Sloanea-1 discoveries in the block, the company said.

The 4,749-square-kilometre Block 52 is operated by Petronas Suriname E&P with a 50% share, working alongside partner ExxonMobil, which also holds 50%.

A discovery was announced at the Roystonea-1 exploration well in November, building on a 2020 discovery at the Sloanea-1 exploration well.

“The success of Fusaea-1 is a testament to the advancements in our geological comprehension of this region, bolstered by recent breakthrough in Roystonea-1 and Sloanea-1,” the company’s vice-president of exploration, Mohd Redhani Abdul Rahman, said.

“These discoveries have significantly expanded the prospectivity and integrated oil and gas development potential within Block 52.”

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