13/07/2026 by Daniel Tait
Malaysia-based Petronas has announced a successful appraisal and two more discoveries in Block 52 offshore of Suriname.
The company, which also makes Petronas-branded lubricants like agricultural oil, operates Block 52 with an 80% interest through its subsidiary Petronas Suriname E&P B.V. (PSEPBV). The new developments take the number of successful wells to eight, with recoverable resources totalling more than a billion barrels of oil equivalent.
Suriname is emerging as a major hub for deepwater development in the Surname–Guyana basin, with Block 52 having an increasingly strong case for multiple developments.
Mohd Jukris Abdul Wahab is the upstream chief executive officer and chief operating officer at Petronas. He said the company’s solid local partnership, execution discipline and technical expertise were reflected in the substantial discoveries. He added:
“Block 52 sits within a highly prospective corridor, the Golden Lane, and we remain focused on translating this resource base into long-term value for Suriname and for Petronas. We thank Staatsolie for the support and collaboration in advancing our progress in the country.”
He also reaffirmed the company’s continuing commitment to generating shared value for both Suriname and Malaysia by helping the former to achieve its wider ambitions. These include building local human capital and capabilities.
This commitment to Suriname is evidenced by Petronas awarding seven Surinamese students with scholarships to study in Malaysia. They are currently attending Universiti Teknologi Petronas (UTP) in their first semester. These are the first students from Suriname to benefit from the company’s scholarship programme for engaging in higher education in Malaysia.
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