en.Wedoany.com Reported - Petronas, Malaysia's national oil company, is conducting oil testing in Block 52 offshore Suriname, an area previously confirmed to have commercial natural gas development potential.

Annand Jagesar, Managing Director of Staatsolie, Suriname's state oil company, stated that the company aims to reach a commercial oil declaration within 18 months. If crude oil and the Sloanea gas discovery are confirmed, Suriname could simultaneously develop offshore oil and gas for export, creating two parallel export streams. The Sloanea gas discovery is expected to spawn a major project including a floating liquefied natural gas (FLNG) facility, with a final investment decision to be made later this year and first gas targeted for 2030, positioning Suriname as an LNG exporter by the end of this decade.

Meanwhile, TotalEnergies' Gran Morgu project (with an investment of $10.5 billion) remains on track to produce first oil in 2028. To maintain momentum, Staatsolie has launched a public tender covering five offshore blocks with a total area exceeding 70,000 square kilometers, expected to attract three to four new investors over the next two years.

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