Exxon Buys Offshore Suriname Stake from Petronas

RIGZONE | Petronas revealed Tuesday that its subsidiary, Petronas Suriname Exploration & Production B.V. (PSEPBV), has completed the sale of a 50 percent stake in Block 52 offshore Suriname to ExxonMobil Exploration and Production Suriname B.V.

As a result of the acquisition, PSEPBV now holds a 50 percent operated interest in the block, with Exxon holding the remaining 50 percent stake. Block 52 is located north of the coast of Paramaribo, which is Suriname’s capital city, and in the Suriname-Guyana basin where several hydrocarbon discoveries have been made. It covers an area of 1,833 square miles with water depths ranging from between 164 feet to 3,608 feet.

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