[Suriname] Petronas Makes Hydrocarbon Discovery in Block 52, Offshore Suriname

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escveritas
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[Suriname] Petronas Makes Hydrocarbon Discovery in Block 52, Offshore Suriname

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Kuala Lumpur, 11 December 2020 – PETRONAS through its subsidiary, PETRONAS Suriname E&P B.V. (PSEPBV) today announced that it made its first discovery of hydrocarbon in Suriname with the successful drilling of the Sloanea-1 exploration well located in Block 52.

PSEPBV is the operator of Block 52 and holds 50 per cent participating interest, together with ExxonMobil Exploration and Production Suriname B.V. who holds the remaining 50 per cent.

PETRONAS Vice President of Exploration, Upstream, Emeliana Rice-Oxley said: “We are pleased with the positive results of the well. It will provide the drive for PETRONAS to continue exploring in Suriname, which is one of our focus basins in the Americas. We look forward to further successful collaboration with our partner ExxonMobil and further strengthen our relationship with the government of the Republic of Suriname, as a solutions partner, progressing towards delivering clean and reliable energy to the market.”

Block 52, which covers an area of 4,749 km², is located north of the coast of Paramaribo, Suriname’s capital city and is situated within the prospective Suriname-Guyana basin, where several major hydrocarbon discoveries have been made. The Sloanea-1 exploration well was successfully drilled to a total depth of 4,780 metres using the Maersk Developer rig.

The Sloanea-1 exploration well encountered several hydrocarbon-bearing sandstone packages with good reservoir qualities in the Campanian section. The well data proves excellent calibration of the hydrocarbon potential of the block. Further evaluation is being undertaken to determine the full extent of the discovery.

In addition to Block 52, PSEPBV also holds a 100 per cent participating interest and operatorship in Block 48, and a 30 per cent non-operated participating interest in Block 53.
escveritas
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Re: [Suriname] PETRONAS Makes Hydrocarbon Discovery in Block 52, Offshore Suriname

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ExxonMobil discovers hydrocarbons offshore Suriname

IRVING, Texas – ExxonMobil and PETRONAS have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname, adding to ExxonMobil’s extensive finds in the Guyana-Suriname basin. The well was drilled by operator PETRONAS, and the discovery is being evaluated to determine its resource potential.

“Our first discovery in Suriname extends ExxonMobil’s leading position in South America, building on our successful investments in Guyana,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We will continue to leverage our deepwater expertise and advanced technology to explore frontier environments with the highest value resource potential.”

ExxonMobil said in November that it is prioritizing near-term capital spending on advantaged assets with the highest potential future value. The Suriname discovery further strengthens ExxonMobil’s industry-leading portfolio along with its other recent exploration success in the same basin in Guyana.

PETRONAS drilled the well to a total depth of approximately 15,682 feet (4,780 meters) using the Maersk Developer rig.

Block 52 covers an area of 1.2 million acres (4,749 square kilometers) and is located approximately 75 miles offshore north of Suriname’s capital city, Paramaribo. The water depths on Block 52 range from 160 to 3,600 feet (50 to 1,100 meters).

ExxonMobil Exploration and Production Suriname B.V., an affiliate of ExxonMobil, holds 50 percent interest in Block 52. PETRONAS Suriname E&P B.V., a subsidiary of PETRONAS, is operator and holds 50 percent interest.
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