Amsterdam, 20 may 2024–Petronas’ Roystonea-1 and Fusaea-1 discoveries in Block 52 offshore Suriname are estimated to hold recoverable resources approaching 400 million barrels, according to new numbers released by UK-based consultancy group Wood Mackenzie.
“This could be enough to support an FPSO [floating production storage and offloading vessel] with an oil processing capacity of up to 100,000 [barrels per day] b/d,” Mark Oberstoetter, Head of Americas Upstream, said.
Roystonea-1 was announced in November 2023. Petronas said the discovery is poised to play a crucial role in its international upstream ventures.
Fusaea-1 is the most recent. It was spudded in Feb. 2024 and successfully drilled to a total depth of 5,227 meters. Petronas encountered several oil and gas-bearing Campanian sandstone reservoir packages.
“Suriname is a bright spot from those exploration efforts. It plays to PETRONAS’ existing competencies in LNG [liquid natural gas] development while providing oil to offset its LNG-weighted portfolio,” Julie Wilson, Exploration Research Director said.
Block 52, covering an area of 4,749 square kilometers, is strategically located north of the coast of Paramaribo, Suriname’s capital city, within the promising Guyana-Suriname Basin.
Petronas Suriname E&P as the block’s operator has a 50% participating interest and ExxonMobil Exploration and Production Suriname B.V. holds the remaining 50%.
In addition to Block 52, Petronas Suriname also operates Block 48 with a 100% participating interest and holds a 30% non-operating participating interest in the adjacent Block 53, where the Baja-1 oil discovery was made in 2022.
