KUALA LUMPUR, Malaysia – Petronas Suriname Exploration & Production B.V. (PSEPBV) has completed the farm-down of 50% of its participating interest in block 52 offshore Suriname to ExxonMobil Exploration and Production Suriname B.V.
Block 52 covers an area of 4,749 sq km (1,834 sq mi) in the Suriname-Guyana basin. Water depths range from 50 to 1,100 m (164 to 3,609 ft).
Following the farm-down, PSEPBV as the operator of block 52 holds 50% equity, while ExxonMobil holds the remaining 50%.
Emeliana Rice-Oxley, Petronas’ vice president of Exploration, said the company plans to drill a well on the block in 3Q 2020 and acquire 3D seismic data.
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 indicated that the block contains multiple geological play types and is within the favorable fairway for hydrocarbon generation and accumulation, the company said.
PSEPBV also holds a 100% participating interest and operatorship of block 48, and a 30% non-operated participating interest in block 53.