PETRONAS Suriname E&P B.V. (PETRONAS Suriname E&P), a subsidiary of PETRONAS, has signed the Production Sharing Contracts for Suriname’s offshore Blocks 63 and 64 with Staatsolie Maatschappij Suriname N.V.

PETRONAS Suriname E&P won the blocks, located in the Guyana-Suriname Basin, during the Suriname Demerara Bid Round 2022-2023 in June 2023.

Block 63 has an area of 5,425 sq km and is located approximately 200 km offshore Suriname in water depths of about 1,700 metres. Block 64 is 6,262 sq km in size and is located 250 km from the shore in slightly shallower water of 1,300 metres.

PETRONAS Suriname E&P has 100 per cent participating interest in and is the operator of Block 63. TotalEnergies will operate Block 64 with 40 per cent participating interest, with the remaining interest equally split between PETRONAS Suriname E&P and QatarEnergy.

PETRONAS Vice President of Exploration, Mohd Redhani Abdul Rahman said, “Securing these blocks is crucial to PETRONAS’ effort in unlocking Suriname’s vast resource potential in the basin. This underscores the aspiration to build our presence in the country and strengthen our international portfolio, especially in the Americas.

“We look forward to working alongside the host authority and our partners to achieve more significant milestones while ensuring secure, affordable and sustainable energy to the market.”

PETRONAS Suriname E&P currently operates Block 52 in a 50:50 partnership with ExxonMobil Exploration and Production Suriname B.V., as well as Block 48 with 100 per cent participating interest. PETRONAS Suriname E&P also has a 30 per cent participating interest in Block 53. Other partners in the block are CEPSA Suriname, S.L. and operator APA Suriname Corporation LDC.

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.

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.