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Petronas expands Suriname portfolio with deepwater block acquisition

Wednesday, June 25 2025

Fossil Energy – Suriname

Petronas has signed a Production Sharing Contract (PSC) for Block 66, located in the deepwater region offshore Suriname.

The agreement was signed with Staatsolie Maatschappij Suriname and Paradise Oil Company (POC), a wholly-owned subsidiary of Staatsolie.

Under the PSC, Petronas holds the operatorship with 80% participating interest, while POC holds the remaining 20%.

Spanning approximately 3,390 square kilometres, Block 66 lies directly adjacent to Block 52 in the deepwater region offshore Suriname, where Petronas has recorded a series of exploration and appraisal successes.

Petronas said it was ‘optimistic’ that the positive momentum and learnings from Block 52 will carry over into Block 66 as it continues to explore and unlock the hydrocarbon potential of the area.

The PSC includes a firm commitment to drill two exploration wells, targeting drill-ready prospects that offer significant resource potential and are strategically positioned to unlock synergies with Petronas’ existing operations in Suriname.

Related posts:

  1. Petronas makes oil and gas discovery offshore Suriname
  2. ExxonMobil withdraws from Block 52 Suriname
  3. Three wells offshore Suriname
  4. Suriname state-oil firm says Petronas exploration well shows promise

Filed Under: International projects, Oil and Gas, Petronas, production sharing, Suriname Tagged With: Oil and Gas, petronas, Production Sharing Contract, Suriname

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