Malaysian state oil and gas giant Petronas is also active in Suriname’s upstream exploration. The company is currently conducting a 3D seismic survey in Block 63 and Block 52, covering an area of 6,042 square kilometers. This survey, which is being carried out by the Shearwater-owned vessel Amazon Warrior, began in December last year and is expected to take approximately 150 days. The primary goal of the survey is to delineate the Ironman prospect ahead of exploration drilling, forming part of a committed work program that includes a second exploration phase set to begin in January 2027.
Petronas is focused on developing its discoveries in Block 52, where recoverable resources are estimated by Rystad Energy to exceed 500 million boe. These discoveries include Sloanea-1 (2020), Roystonea-1 (2023) and Fusaea-1 (2024). However, Petronas must either continue the project independently or seek a new partner, following ExxonMobil’s exit from its 50% stake in the block last year. A successful exploration campaign and a significant discovery could accelerate development plans and attract potential partners to the project.
By Rystad Energy
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Publish date : 2025-02-23 02:00:00
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