How much oil equivalent has Petronas collectively unlocked in Suriname?

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Petronas has collectively unlocked over one billion barrels of oil equivalent in Suriname.

Petronas, through its subsidiary Petronas Suriname E&P B.V. (PSEPBV), has achieved significant milestones in Suriname's offshore Block 52, recording two discoveries and a successful appraisal. These latest successes bring the company's cumulative achievements in the country to a total of eight successful wells. Collectively, these wells have unlocked recoverable resources exceeding one billion barrels of oil equivalent.
Successful Exploration and Appraisal in Block 52

The Caiman-1 exploration well, situated in 90 metres of water, encountered multiple oil-bearing Cretaceous sandstone intervals. Further exploration at the Swartzia Aspasia Complex-1 (SAC-1) well, located eight kilometres east of the Sloanea-1 discovery, intersected gas-bearing sandstone reservoirs. Drill stem testing on SAC-1 demonstrated strong gas deliverability, indicating good reservoir quality.
Confirmation of Oil and Gas Resources

The Roystonea-2 appraisal well, drilled seven kilometres north of Roystonea-1, confirmed the lateral extent of oil-bearing reservoirs. Results from drill stem testing at Roystonea-2 indicated strong oil productivity, further validating the quality and extent of the reservoir system. These findings underscore the potential of Block 52.
Petronas's Operations and Partnerships in Suriname

Petronas operates Block 52 with an 80 per cent participating interest, while the remaining 20 per cent is held by Paradise Oil Company N.V., a subsidiary of Staatsolie Maatschappij Suriname N.V. The company currently holds interests in eight offshore blocks in Suriname, including Blocks 9, 10, 48, 52, 53, 63, 64, and 66.
Strategic Importance and Future Outlook

These discoveries build upon the commerciality declared for the Sloanea gas field in November 2025, with a final investment decision anticipated by the end of the current year. The successes in Block 52 strengthen the case for multiple oil and gas developments in the area, positioning Suriname as a significant deepwater hub within the Suriname-Guyana basin. Petronas remains committed to translating this resource base into long-term value and collaborating with Suriname on local capability building and human capital development.

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How much oil equivalent has Petronas collectively unlocked in Suriname?

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