ExxonMobil and Petronas discover hydrocarbons in Block 52 off Suriname

14 December 2020 (Last Updated December 14th, 2020 12:07)

ExxonMobil subsidiary ExxonMobil Exploration and Petronas Suriname Exploration & Production (PSEPBV) have discovered hydrocarbons offshore Suriname.

ExxonMobil and Petronas discover hydrocarbons in Block 52 off Suriname
PSEPBV operates block 52 with a 50% equity while ExxonMobil holds the remaining 50%. Credit: gslcoy from Pixabay.

ExxonMobil subsidiary ExxonMobil Exploration and Petronas Suriname Exploration & Production (PSEPBV) have discovered hydrocarbons offshore Suriname.

The companies have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52.

Drilled by operator Petronas, the latest discovery is being examined to determine the well’s resource potential.

Block 52 covers an area of 4,749km² in the Suriname-Guyana basin. Water depths in the block range from 50m to 1,100m.

PSEPBV operates block 52 with a 50% equity while ExxonMobil holds the remaining 50%.

ExxonMobil senior vice-president Mike Cousins said: “Our first discovery in Suriname extends ExxonMobil’s leading position in South America, building on our successful investments in Guyana.

“We will continue to leverage our deepwater expertise and advanced technology to explore frontier environments with the highest value resource potential.”

According to ExxonMobil, the latest discovery further strengthens its portfolio alongside the success of its recent exploration in the same basin in Guyana.

The well was drilled using the Maersk Developer rig to a depth of 4,780m.

PETRONAS Exploration, Upstream vice-president Emeliana Rice-Oxley said: “We are pleased with the positive results of the well. It will provide the drive for Petronas to continue exploring in Suriname, which is one of our focus basins in the Americas.

“We look forward to further successful collaboration with our partner ExxonMobil and further strengthen our relationship with the government of the Republic of Suriname, as a solutions partner, progressing towards delivering clean and reliable energy to the market.”

In Suriname, PSEPBV also owns a 100% participating interest in Block 48 and a 30% non-operated participating interest in Block 53, adjacent to Block 52.

In May, Petronas completed the farm-down of 50% of its participating interest in Block 52 to ExxonMobil Exploration and Production Suriname.