PETRONAS Suriname E&P B.V. (PSEPBV) (Petronas) announced first oil discovery in Suriname, at the Baja-1 well in the country’s offshore Block 53.

The well, located about 189 kilometres offshore Suriname in a water depth of 1,140 metres, was successfully drilled to a total of 5,290 metres. It also encountered light oil in the Campanian aged sedimentary sequence. Post-drill evaluation is ongoing to firm up the potential of the discovered resource.

PETRONAS’ Exploration Vice President, Mohd Redhani Abdul Rahman said, “The discovery at Baja-1 well is an important milestone for PETRONAS in unlocking deepwater hydrocarbon resource from our exploration ventures. We are encouraged by this achievement and will remain focused on growing our international portfolio, especially in the Americas.”

“This achievement is a testament to the combined expertise and experience of all joint venture partners and we look forward to more exciting milestones as we progress further ,” he added.

PSEPBV holds a 30 per cent participating interest in the block which is operated by APA Suriname Corporation LDC with a 45 per cent interest, with CEPSA Suriname, S.L. holding the remaining 25 per cent.

PSEPBV also holds 100 per cent interest and operatorship in Block 48 and is in a 50:50 partnership with ExxonMobil Exploration and Production Suriname B.V in Block 52 within the prospective Suriname-Guyana basin. In 2020, the first hydrocarbon discovery was made in Block 52.

About Petronas

Established in 1974, Petroliam Nasional Berhad (PETRONAS) is a global energy and solutions company, ranked amongst the largest corporations on Fortune Global 500®️. As an integrated global LNG producer with over 37 years of experience, PETRONAS provides an uninterrupted supply of LNG to more than 25 countries around the world. PETRONAS has safely delivered more than 11,000 cargoes globally, sourced from its portfolio of facilities located in Malaysia, Australia and Egypt. PETRONAS is also the first global energy player to introduce the floating LNG concept in 2016, the PFLNG SATU, and introduced its deep-water FLNG, the PFLNG DUA, in 2021.