The well was spudded in Feb 2024 and successfully drilled to a total depth of 5,227 metres with zero (0) LTI, encountering several oil and gas-bearing Campanian sandstone reservoir packages.
Further evaluation is being undertaken to determine the full extent of this discovery and its potential for an integrated development with the recent Roystonea-1 and Sloanea-1 discoveries.
PETRONAS' Executive Vice President and Chief Executive Officer of Upstream, D. Zulfikfli stated:
- the favorable results attained from the Fusaea-1 exploration well have solidified PETRONAS' standing in Suriname for material hydrocarbon resource, following the Sloanea-1 and Roystonea-1 discoveries.
- the success of Fusaea-1 is a testament to the advancements in our geological comprehension of this region, bolstered by recent breakthrough in Roystonea-1 and Sloanea-1;
- these discoveries have significantly expanded the prospectivity and integrated oil and gas development potential within Block 52;
- in pursuit of sustainable and high-value material resource, PETRONAS remains committed in its exploration activities in selected focus regions as part of its portfolio rationalisation efforts.
PETRONAS Suriname E&P is the operator of Block 52 with a 50% participating interest together with ExxonMobil.
In addition to Block 52, PETRONAS Suriname E&P operates Block 48 and Block 63 with 100% participating interest and 30% non-operating interest in Block 64.
