What type of resource did the Caiman-1 exploration well find?

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Caiman-1 Exploration Well Discovered Oil-Bearing Sandstone Intervals

The Caiman-1 exploration well, situated in Suriname's offshore Block 52, encountered multiple oil-bearing Cretaceous sandstone intervals. This discovery contributes to Petronas's overall success in the region, bringing their cumulative achievements in Suriname to eight successful wells and unlocking over one billion barrels of oil equivalent in recoverable resources. The Caiman-1 well was drilled in 90 metres of water to a total depth of 5,065 metres.
Multiple Oil-Bearing Intervals Identified

The Caiman-1 well's drilling operations revealed the presence of several layers of sandstone containing oil. These formations are dated to the Cretaceous period, indicating significant hydrocarbon potential within Block 52.
Contribution to Broader Discoveries

This finding is part of a larger series of successful wells in Suriname operated by Petronas through its subsidiary Petronas Suriname E&P B.V. (PSEPBV). The company has announced two discoveries and a successful appraisal in Block 52, including the Swartzia Aspasia Complex-1 (SAC-1) well which intersected gas-bearing sandstone reservoirs, and the Roystonea-2 appraisal well which confirmed oil-bearing reservoirs.
Significant Resource Unlocking

Collectively, these successful wells, including Caiman-1, have unlocked recoverable resources estimated at more than one billion barrels of oil equivalent. This achievement underscores the prospective nature of the Golden Lane corridor within Block 52 and strengthens Suriname's position as a key deepwater hub in the Suriname-Guyana basin.

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What type of resource did the Caiman-1 exploration well find?

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