PETRONAS, through its wholly-owned subsidiary PETRONAS Suriname E&P B.V. (PSEPBV), together with Staatsolie Maatschappij Suriname N.V. (Staatsolie), has achieved a significant milestone with the Declaration of Commerciality (DoC) of the Sloanea field in Block 52, marking Suriname’s first gas development milestone in its expanding deepwater energy landscape.
The DoC confirms the project’s readiness to progress from discovery towards development, subject to the final investment decision. It builds on the positive momentum from the Sloanea-1 exploration success in 2020 while underscoring both parties’ confidence in the hydrocarbon potential of Suriname’s offshore basin and the shared commitment to unlock Suriname’s deepwater potentials.
PETRONAS Vice President of International Assets of Upstream, Mohd Redhani Abdul Rahman remarked, 'The DoC of Sloanea-1 affirms the field’s economic feasibility towards its development and commercialisation. This milestone underscores the robust collaboration and mutual trust between PETRONAS and Staatsolie, founded on technical proficiency, environmental stewardship, and a commitment to delivering shared benefits for the people of Suriname.'
PETRONAS entered into the Production Sharing Contract for Block 52 in 2013, and has since achieved three significant discoveries within the block.
PETRONAS is the operator of Block 52 with 80% participating interest, while the remaining 20% participating interest is held by Paradise Oil Company (POC), a Staatsolie subsidiary. PETRONAS currently holds interests in eight offshore blocks in Suriname — Blocks 9, 10, 48, 52, 53, 63, 64, and 66 — strengthening its position as a committed partner in Suriname’s energy growth agenda.
This achievement highlights PETRONAS’ focus on high-value growth through partnership and expertise, while strengthening Suriname’s position as an emergent deepwater hub in the Suriname-Guyana Basin.
Source: PETRONAS
