en.Wedoany.com Reported - Suriname President Jennifer Simons announced on Tuesday that Malaysia's national energy company, Petronas, has made another natural gas discovery in Block 52 offshore Suriname. A company executive stated that the block has yielded eight discoveries, unlocking over 1 billion barrels of oil equivalent.

Suriname is following the path of neighboring Guyana, which has emerged as a major oil producer with current daily output exceeding 900,000 barrels. Suriname aims to achieve this goal through offshore development led by international energy companies. After declaring the Sloanea discovery in the same block commercially viable, Petronas will make a final investment decision on developing natural gas reserves offshore Suriname this year, while also exploring for oil. "This is really good news for us," Simons said at an energy event, adding that it "lays the foundation for multiple oil and gas developments and a better future for Suriname." Petronas CEO Mohd Jukris Abdul Wahab stated that the company has successfully secured eight discoveries, unlocking over 1 billion barrels of oil equivalent, while investing in low-carbon solutions, safe operations, and personnel technology to create long-term value for the country.

Suriname's Minister of Natural Resources, Patrick Brunings, said that a consortium led by TotalEnergies will commence first production from Suriname's offshore resources in 2028. Suriname's state-owned energy company, Staatsolie, is conducting an open tender for five offshore blocks (covering a total area of over 70,000 square kilometers), allowing companies to propose work programs and sign production sharing contracts or joint study agreements to improve existing seismic data. "There are still some surprises waiting for us," Brunings said regarding exploration progress. "If we discover more natural gas, we can establish different industries, such as petrochemical and bauxite industries."

Suriname is betting on offshore development, hoping to produce and export crude oil and natural gas through projects led by major foreign producers. Brunings stated that Suriname can focus on exporting natural gas. "We believe we can fulfill this role well. The world is looking for reliable natural gas suppliers."

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