Petronas subsidiary Petronas Suriname Exploration & Production BV (PSEPBV) completed a deal to farm out a 50% interest in Block 52, offshore Suriname, to ExxonMobil subsidiary ExxonMobil Exploration and Production Suriname BV, Petronas said in a release May 19.
Block 52, north of the coast of Paramaribo, lies in the prospective Suriname-Guyana basin covering an area of 4,749 sq km with water depths from 50-1,100 m.
PSEPBV is operator of Block 52 with 50%.
Petronas expects to drill one well on the block in this year’s third quarter in addition to acquiring new 3D seismic data, said Emeliana Rice-Oxley, Petronas’s vice-president of exploration.
In 2016, PSEPBV drilled the Roselle-1 well in Block 52 which provided subsurface information and data on the petroleum system of the area. Subsequent detailed analysis carried out by PSEPBV indicated that Block 52 contains multiple geological play types and is within the fairway for hydrocarbon generation and accumulation.
