The well, located about 185 kilometres offshore in water depth of 904 metres, was successfully drilled to a total depth of 5,315 metres.
It also encountered several oil-bearing Campanian sandstone reservoir packages.
Further evaluation is being undertaken to determine the full extent of this discovery and its potential development synergy with the Sloanea-1 discovery made in 2020 within the same block.
PETRONAS Executive Vice President and Chief Executive Officer of Upstream, D. A. Zulkifli said:
- PETRONAS views the Roystonea-1 oil discovery as a positive development towards realising our differentiated barrel strategy for international upstream ventures, focusing on a material discovery with minimal contaminants.
- the success of Roystonea-1 is expected to drive further exploration for commercially viable hydrocarbon resources in the surrounding areas;
- PETRONAS will continue to work closely with the host authority, Staatsolie, and partners to unlock Suriname's hydrocarbon potential;
- we look forward to implementing safe and successful future exploration programmes together.
PETRONAS Suriname E&P is the operator of Block 52 with a 50 per cent participating interest.
In addition to Block 52, PETRONAS Suriname E&P operates Block 48 with 100 per cent participating interest. It is also a partner with 30 per cent non-operating participating interest in the adjacent Block 53 where the Baja-1 oil discovery was made in 2022.
This discovery is a result of PETRONAS’ ongoing efforts towards ensuring energy security to meet the growing global energy demands.
