Fusaea oil find could lead to FPSO development offshore Suriname

May 18, 2024
Petronas/Exxon Mobil’s Fusaea and Roystonea discoveries in Block 52 offshore Suriname could support an FPSO-based development producing 100,000 bbl/d, according to Wood Mackenzie.

Offshore staff

LONDON — Petronas/Exxon Mobil’s Fusaea and Roystonea discoveries in Block 52 offshore Suriname could support an FPSO-based development producing 100,000 bbl/d, according to Wood Mackenzie.

The consultant estimates combined recoverable resources at close to 400 MMbbl. The May 16 announcement by Petronas of the find at Fuseaea means that nine deepwater fields have now been discovered offshore Suriname since 2019.

Sloanea, the other proven field in Block 52, is undergoing appraisal drilling.

TotalEnergies and APA Corp. are close to sanctioning a cluster FPSO development on adjacent Block 58 to the west. And APA, in partnership with Petronas and CEPSA, also drilled the 2022 Baja discovery in Block 53, 8 km north of Roystonea.

Baja could eventually become part of a wider cluster project, according to Mark Oberstoetter, head of Americas (non-L48) Upstream at Wood Mackenzie.

Petronas is said to have secured tax relief if it develops gas.

If drilling proves resources of 2 Tcf, this could form the basis for a FLNG development in the early 2030s, said Luiz Hayum, the consultants’ principal upstream research analyst Latin America Upstream. “Also, the Fusaea well had more associated gas than expected and could add resources to support future gas development.”

Wood Mackenzie estimates Suriname's currently discovered resources at more than 2.4 Bbbl of oil and more than 12.5 Tcf of gas.

05.18.2024

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