Petronas discovers oil in Suriname

It also encountered light oil in the Campanian aged sedimentary sequence


PETRONAS Suriname E&P BV (PSEPBV) announced its first oil discovery at the Baja-1 well in the country’s offshore Block 53.

Located approximately 189km offshore Suriname, the well is at a water depth of 1,140m and was successfully drilled to a total depth of 5,290m. Additionally, it also encountered light oil in the Campanian aged sedimentary sequence. Post-drill evaluation is ongoing to firm up the potential of the discovered resource.

Petroliam Nasional Bhd (Petronas) VP Mohd Redhani Abdul Rahman stated that the achievement is a testament to the combined expertise and experience of all joint venture partners.

“The discovery at Baja-1 well is an important milestone for Petronas in unlocking deep water hydrocarbon resources from our exploration ventures.

“We are encouraged by this achievement and will remain focused on growing our international portfolio, especially in the Americas. We look forward to more exciting milestones as we progress further,” he said in a statement today.

PSEPBV holds a 30% participation interest in the block operated by APA Suriname Corp LDC, which has an interest of 45%, as well as CEPSA Suriname, SL holding the remaining 25%.

Furthermore, PSEPBV also holds a 100% interest and is the operator in Block 48. The company is also in a 50:50 partnership with ExxonMobil Exploration and Production Suriname BV in Block 52 which is located in the Suriname-Guyana basin area — where the first hydrocarbon discovery was made in 2020.