PETRONAS Records Three New Successes in Suriname’s Block 52, Bringing Total Successful Wells to Eight

SURINAME, June 30 (Bernama) -- PETRONAS, through its wholly-owned subsidiary PETRONAS Suriname E&P B.V. (PSEPBV), has recorded two new discoveries and achieved a successful appraisal in Suriname's offshore Block 52, bringing its cumulative achievements in the country to a total of eight successful wells and collectively unlocking recoverable resources of more than one billion barrels of oil equivalent.

The Caiman-1 exploration well, drilled in 90 metres of water to a total depth of 5,065 metres, encountered multiple oil-bearing Cretaceous sandstone intervals. The Swartzia Aspasia Complex-1 (SAC-1) exploration well, located 8 kilometres east of Sloanea-1 gas discovery in 610 metres of water depth, and drilled to a total depth of 4,560 metres, intersected gas-bearing sandstone reservoirs. Drill stem testing (DST) demonstrated strong gas deliverability, indicating good reservoir quality.