PETRONAS in Suriname offshore deal

PETALING JAYA: PETRONAS Suriname E&P BV, a subsidiary of Petroliam Nasional Bhd (PETRONAS), has signed production sharing contracts for Blocks 63 and 64 offshore Surinam with Staatsolie Maatschappij Suriname NV, a Surinamese oil and gold company.

In a release, PETRONAS noted the blocks are located in the Guyana-Suriname Basin and were won during the Suriname Demerara Bid Round 2022-2023 in June.

PETRONAS Suriname E&P has 100% participating interest and is the operator of Block 63 while TotalEnergies will operate Block 64 with 40% participating interest with the remaining interest equally split between PETRONAS Suriname E&P and QatarEnergy.