KUALA LUMPUR: Petronas Suriname E&P B.V. (PSEPBV) has announced its first oil discovery at the Baja-1 well in Block 53, offshore Suriname.
The well, located about 189 kilometres offshore in a water depth of 1,140 metres, was successfully drilled to a depth of 5,290 metres.
The company had also encountered light oil in the Campanian-aged sedimentary sequence, adding that a post-drill evaluation is ongoing.
“The discovery at Baja-1 well is an important milestone for Petronas in unlocking deepwater hydrocarbon resources from our exploration ventures.
“We are encouraged by this achievement and will remain focused on growing our international portfolio, especially in the Americas,” said Petronas’ exploration vice-president Mohd Redhani Abdul Rahman in a statement.
He said that the achievement was a testament to the combined expertise and experience of the joint venture partners.
PSEPBV holds a 30 per cent participating interest in the block, which is operated by APA Suriname Corporation LDC which holds a 45 per cent interest, while CEPSA Suriname, S.L. holds the remaining 25 per cent.
PSEPBV also holds 100 per cent interest and operatorship in Block 48 and is in a 50:50 partnership with ExxonMobil Exploration and Production Suriname B.V in Block 52 within the prospective Suriname-Guyana basin. – BERNAMA
