As the operator, Petronas Suriname E&P holds a 50% interest in block 52. Credit: Faiz Zaki/Shutterstock.

Petronas Suriname E&P, a subsidiary of Malaysian oil and gas company Petronas, has announced a hydrocarbon discovery at the Fusaea-1 exploration well within Suriname’s offshore block 52.  

The well, located approximately 170km offshore and 9km east of the Roystonea-1 well, was drilled to a total depth of 5,227m, revealing multiple oil and gas-bearing Campanian sandstone reservoirs. 

Related Company Profiles

View all

Petronas’ latest discovery follows Roystonea-1 and Sloanea-1 discoveries in the region. 

Now, the company is evaluating the possibility of an integrated development approach with the adjacent discoveries. 

Block 52 spans 4,749km² and is situated in the promising Suriname-Guyana basin, north of Suriname’s capital, Paramaribo.  

Petronas Suriname E&P operates the block with a 50% interest while US energy major ExxonMobil owns the remaining stake. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The partners in the project are now conducting a thorough assessment to ascertain the full potential of the find.  

Petronas executive vice-president and CEO of upstream Datuk Adif Zulkifli said: “The favourable results attained from the Fusaea-1 exploration well have solidified Petronas’ standing in Suriname for material hydrocarbon resource, following the Sloanea-1 and Roystonea-1 discoveries.” 

Petronas vice-president of exploration Mohd Redhani Abdul Rahman said: “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.  

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

Earlier in March, Staatsolie, Suriname’s national energy company, signed a letter of agreement with Petronas and ExxonMobil to further investigate the Sloanea-1 well’s gas discovery within the same block.  

Petronas Suriname E&P also operates blocks 48 and 63 with a full interest and maintains a 30% non-operating interest in block 64.