Petronas announces gas discovery

Petronas has made a third hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well in Suriname’s Block 52, located about 170 km offshore of Suriname.

The well was spudded in February and successfully drilled to a total depth of 5,227 m with 0 LTI, encountering several oil and gas-bearing Campanian sandstone reservoir packages. Further evaluation is being undertaken to determine the full extent of this discovery and its potential for an integrated development with the recent Roystonea-1 and Sloanea-1 discoveries.

“The favorable 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,” said Petronas’ Executive Vice President and Chief Executive Officer of Upstream, Datuk Adif Zulfikfli.

Petronas Vice President of Exploration, Mohd Redhani Abdul Rahman said these discoveries have significantly expanded the prospectivity and integrated oil and gas development potential within Block 52.  In pursuit of sustainable and high-value material resource, Petronas remains committed in its exploration activities in selected focus regions as part of its portfolio rationalisation efforts.

Block 52, which covers an area of 4,749 km2, is located north of the coast of Paramaribo, Suriname’s capital city, within the prospective Suriname-Guyana basin. Petronas Suriname E&P is the operator of Block 52 with a 50% participating interest together with ExxonMobil.

In addition to Block 52, Petronas Suriname E&P operates Block 48 and Block 63 with 100% participating interest and 30% non-operating interest in Block 64.