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. 

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. 

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.