Petronas announces Baja oil discovery in Suriname

Baja oil discovery in Suriname: Petronas said that its subsidiary Petronas Suriname E&P (PSEPBV) has announced an oil discovery in Suriname through the drilling of the Baja-1 exploration well in offshore Block 53.

According to the Malaysian oil and gas company, the Baja-1 well is situated nearly 189km off the coast of Suriname at a water depth of 1,140m.

Drilled to a total depth of 5,290m, the Baja oil discovery was made when the well intersected light oil in the Campanian aged sedimentary sequence.

Petronas expects to determine the potential of what is the first oil discovery in Suriname after the ongoing drill evaluation.

Commenting on the Baja oil discovery in Suriname, Mohd Redhani Abdul Rahman — Petronas Exploration Vice President said: “The discovery at Baja-1 well is an important milestone for PETRONAS in unlocking deepwater hydrocarbon resource from our exploration ventures. We are encouraged by this achievement and will remain focused on growing our international portfolio, especially in the Americas.

“This achievement is a testament to the combined expertise and experience of all joint venture partners and we look forward to more exciting milestones as we progress further.”

Petronas Suriname E&P has a stake of 30% in the offshore Block 53 which is operated by APA Suriname Corporation LDC with a stake of 45%. The remaining 25% stake in the offshore Suriname block is held by CEPSA Suriname, S.L.