KUALA LUMPUR: Petronas' subsidiary Petronas Suriname E&P B.V has made a third hydrocarbon discovery at the Fusaea-1 exploration well in Suriname's Block 52, about 170 kilometres offshore and 9.0km east from Roystonea-1.
The well was spudded in February and drilled to a total depth of 5,227 metres without lost time injury (LTI), encountering several oil and gas-bearing Campanian sandstone reservoir packages.
"Further evaluation is being undertaken to determine the full extent of this discovery and its potential for an integrated development with the recent Roystonea-1 and Sloanea-1 discoveries," Petronas said in a statement today.
Petronas executive vice president and chief executive officer of upstream Datuk Adif Zulfikfli said the results from the Fusaea-1 exploration well have solidified the national oil company's standing in Suriname for material hydrocarbon resource, following the Sloanea-1 and Roystonea-1 discoveries.
Petronas vice president of exploration Mohd Redhani Abdul Rahman said the success of Fusaea-1 is a testament to the advancements in the company's geological comprehension of this region, bolstered by recent breakthrough in Roystonea-1 and Sloanea-1.
"These discoveries have significantly expanded the prospectivity, and integrated oil and gas development potential within Block 52.
Block 52, which covers an area of 4,749 square kilometres, is located north of the coast of Paramaribo, Suriname's capital city, within the prospective Suriname-Guyana basin.
Petronas Suriname E&P is the operator of Block 52 with a 50 per cent participating interest together with ExxonMobil.
In addition to Block 52, Petronas Suriname E&P operates Block 48 and Block 63 with 100 per cent participating interest and 30 per cent non-operating interest in Block 64.