Suriname

[energy_isere]

PETRONAS Makes Oil Discovery in Suriname's Offshore Block 52

édité le 02/11/2023 - europetrole

PETRONAS’ subsidiary, PETRONAS Suriname E&P B.V. (PETRONAS Suriname E&P), has made an oil discovery at the Roystonea-1 exploration well in Suriname’s Block 52.

The well, located about 185 kilometres offshore in water depth of 904 metres, was successfully drilled to a total depth of 5,315 metres. It also encountered several oil-bearing Campanian sandstone reservoir packages. Further evaluation is being undertaken to determine the full extent of this discovery and its potential development synergy with the Sloanea-1 discovery made in 2020 within the same block.

PETRONAS Executive Vice President and Chief Executive Officer of Upstream, Datuk Adif Zulkifli said, “PETRONAS views the Roystonea-1 oil discovery as a positive development towards realising our differentiated barrel strategy for international upstream ventures, focusing on a material discovery with minimal contaminants.”

PETRONAS Vice President of Exploration, Mohd Redhani Abdul Rahman added, “The success of Roystonea-1 is expected to drive further exploration for commercially viable hydrocarbon resources in the surrounding areas. PETRONAS will continue to work closely with the host authority, Staatsolie, and partners to unlock Suriname's hydrocarbon potential. We look forward to implementing safe and successful future exploration programmes together.”

Block 52, which covers an area of 4,749 square kilometres, is located north of the coast of Paramaribo, Suriname’s capital city, within the prospective Suriname-Guyana basin. PETRONAS Suriname E&P is the operator of Block 52 with a 50 per cent participating interest.

In addition to Block 52, PETRONAS Suriname E&P operates Block 48 with 100 per cent participating interest. It is also a partner with 30 per cent non-operating participating interest in the adjacent Block 53 where the Baja-1 oil discovery was made in 2022.

This discovery is a result of PETRONAS’ ongoing efforts towards ensuring energy security to meet the growing global energy demands.

https://www.euro-petrole.com/petronas-m ... -n-i-26252

[energy_isere]

Petronas Makes Another Oil Discovery in Suriname

by Jov Onsat|Rigzone Staff|Tuesday, November 07, 2023

Petroliam Nasional Berhad (Petronas) made an oil discovery in a Suriname block co-owned with Exxon Mobil Corp., the Malaysian state-owned company has announced.

The Roystonea-1 exploration well in Block 52, operated by Petronas with a 50 percent stake, was drilled to 5,315 meters (17,437.66 feet), it said in a press release.

Drilling “encountered several oil-bearing Campanian sandstone reservoir packages”, Petronas added in the announcement on its website. The well sits about 185 meters (114.95 miles) off the coast of the Caribbean country.

It is the second discovery on Block 52, where ExxonMobil holds a 50 percent stake, after the Sloanea-1 exploration well. Sloanea-1 is Petronas’ first discovery in Suriname, the company said in a news release announcing the breakthrough December 11, 2020.

“Further evaluation is being undertaken to determine the full extent of this discovery and its potential development synergy with the Sloanea-1 discovery made in 2020 within the same block”, Petronas said of Roystonea-1.
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https://www.rigzone.com/news/petronas_m ... 7-article/

[energy_isere]

Petronas, ExxonMobil Ink Deal with Suriname on Potential Gas Development

by Jov Onsat|Rigzone Staff | Friday, March 08, 2024

Petroliam Nasional Bhd. (Petronas) and Exxon Mobil Corp. have agreed to further explore a potential gas production area offshore Suriname where the leaseholders had declared a gas discovery, albeit a commercially unattractive one, the South American country’s national oil and gas company said.
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https://www.rigzone.com/news/petronas_e ... 8-article/

[energy_isere]

Petronas, ExxonMobil Make Third Discovery in Suriname's Block 52

by Jov Onsat|Rigzone Staff | Thursday, May 16, 2024 |

Petroliam Nasional Bhd. (Petronas) has declared a third hydrocarbon discovery in Suriname’s offshore Block 52, a 50-50 co-venture with Exxon Mobil Corp.

The Fusaea 1 exploration well, spudded February, was drilled to a total depth of 5,227 meters (17,149 feet), revealing “several oil and gas-bearing Campanian sandstone reservoir packages”, the Malaysian state-owned oil and gas company said in a statement. “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”.
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https://www.rigzone.com/news/wire/petro ... 1-article/

[energy_isere]

Suriname Oil Discoveries Hit 2.4 Billion Barrels

By Irina Slav - May 17, 2024, 3:34 AM CDT

Crude oil discoveries in Suriname have opened access to some 2.4 billion barrels in reserves, Wood Mackenzie analysts have estimated. The consultancy also reported the South American nation holds some 12.5 trillion cubic feet in natural gas reserves.
The project closest to commercial production is a discovery made by Petronas with its partner Exxon in two Suriname blocks. According to Wood Mackenzie, production there could begin at a daily processing rate of 100,000 barrels.
There are also other discoveries in the country that were made by TotalEnergies and APA Corp that are moving towards sanctioning. TotalEnergies is expected to make the final investment decision on its project, in Block 58, by the end of this year, eyeing the start of production in 2028.

Suriname is often seen as a candidate for a repeat of Guyana’s oil boom since the two neighboring countries share one hydrocarbon basin. However, exploration efforts have taken longer in Suriname and the colossal success of Exxon with the Stabroek Block and its dozen discoveries has yet to be replicated in Guyana’s neighbor.

Petronas and Exxon specifically reported unsatisfactory results from a drilling project in Block 52 a couple of years ago. This week, however, the two struck oil in the same block, reviving hopes of an oil and gas boom in Suriname. The size of the discovery has yet to be determined but it would be the third one in the block. In total, Petronas and Exxon have tapped some 400 million barrels in reserves.

A total of nine offshore discoveries have been made in Suriname in the last six years but commercial development of any of them is still in the future. The government is eager to jumpstart its oil and gas industry and has already granted tax incentives to Petronas and Exxon for the development of their Block 52 project.

https://oilprice.com/Latest-Energy-News ... rrels.html