The DoC confirms the project’s readiness to progress from discovery towards development, subject to the final investment decision. It builds on the positive momentum from the Sloanea-1 exploration success in 2020 while underscoring both parties’ confidence in the hydrocarbon potential of Suriname’s offshore basin and the shared commitment to unlock Suriname’s deepwater potentials.
PETRONAS entered into the Production Sharing Contract for Block 52 in 2013, and has since achieved three significant discoveries within the block.
PETRONAS is the operator of Block 52 with 80% participating interest, while the remaining 20% participating interest is held by Paradise Oil Company (POC), a Staatsolie subsidiary. PETRONAS currently holds interests in eight offshore blocks in Suriname — Blocks 9, 10, 48, 52, 53, 63, 64, and 66 — strengthening its position as a committed partner in Suriname’s energy growth agenda.
This achievement highlights PETRONAS’ focus on high-value growth through partnership and expertise, while strengthening Suriname’s position as an emergent deepwater hub in the Suriname-Guyana Basin.
About Petronas
Petroliam Nasional Berhad (PETRONAS) is a global energy company committed to producing and delivering energy and solutions needed to advance society responsibly and sustainably.
As Malaysia’s national oil and gas company, we safeguard and manage the nation’s hydrocarbon resources. Our aim is to maximise value through our integrated business model to meet the energy needs of the nation and our customers across the globe. Our portfolio includes oil and gas, petrochemicals, petroleum products, as well as a range of cleaner energy solutions.
About Staatsolie
Staatsolie is one of the leading companies in our country Suriname. Staatsolie is located in this hidden treasure of South America, where we passionately contribute to the advancement of our country. We do so by developing exploration activities, producing and refining crude oil to high-quality products, and providing local and international markets with these products.
