What does eight successful wells mean for Petronas’ cumulative Suriname recoverable resources?

Question

Accepted Answer

Petronas' Suriname Operations Unlock Over One Billion Barrels of Recoverable Resources

Petronas, through its subsidiary Petronas Suriname E&P B.V. (PSEPBV), has achieved a significant milestone in Suriname's offshore Block 52, with eight successful wells collectively unlocking recoverable resources exceeding one billion barrels of oil equivalent. This accumulation of successful wells includes recent discoveries and appraisal successes, underscoring the company's technical capabilities and collaborative efforts within the region.
Successful Wells and Resource Accumulation

The cumulative success in Suriname now stands at eight wells. These operations have collectively identified and quantified recoverable resources surpassing the one billion barrels of oil equivalent mark. This significant resource base is a direct result of exploration and appraisal activities undertaken by PSEPBV.
Recent Discoveries and Appraisal Successes

The latest achievements in Block 52 involved the Caiman-1 exploration well, which encountered multiple oil-bearing intervals in Cretaceous sandstone. Additionally, the Swartzia Aspasia Complex-1 (SAC-1) exploration well intersected gas-bearing sandstone reservoirs, with drill stem testing indicating strong gas deliverability and good reservoir quality. The Roystonea-2 appraisal well further confirmed the lateral extent and oil productivity of reservoirs, reinforcing the quality of the identified resource system.
Strategic Importance and Future Potential

These successes are building 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 consistent positive outcomes across these wells strengthen the outlook for multiple oil and gas developments within Block 52, positioning Suriname as a potentially significant deepwater hub within the broader Suriname-Guyana basin. Petronas operates Block 52 with an 80 per cent participating interest, alongside its partner Paradise Oil Company N.V.

Reading history

Hide →

This history is cleared when the page is closed.

What does eight successful wells mean for Petronas’ cumulative Suriname recoverable resources?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends