An SLB NV/Ltd alliance of contractors and Malaysia’s nationwide oil and fuel firm have agreed to collaborate in oil and fuel tasks offshore Suriname.
The pact between Petroliam Nasional Bhd (Petronas), via Petronas Suriname E&P BV, and the Subsea Integration Alliance, which contains SLB OneSubsea and Subsea7 SA, “goals to unlock sources in Suriname’s rising frontier basin via revolutionary and cost-effective subsea options”, a joint assertion stated.
“The settlement establishes a long-term framework for collaboration throughout the venture lifecycle. This method permits early involvement to co-develop and co-create cost-effective options, speed up area growth and improve venture economics”.
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“Below this framework, Subsea Integration Alliance could present full engineering, procurement, development, set up and commissioning options for a number of discoveries in Suriname”, the assertion added. “The scope consists of subsea manufacturing techniques in addition to subsea umbilical, riser and flowlines elements”.
OneSubsea consists of Curaçao-incorporated SLB, which has headquarters in Houston, Paris and The Hague; Norway’s Aker Options ASA; and Luxembourg-registered Subsea7 SA, which has headquarters in London.
Petronas this yr expects to make a FID (ultimate funding choice) on its first hydrocarbon discovery within the South American nation, based on an announcement by Suriname’s state-owned oil and fuel firm Staatsolie Maatschappij Suriname NV on November 13, 2025. Staatsolie expects Sloanea-1, which Petronas declared a discovery December 11, 2020, to begin fuel manufacturing 2030.
The nicely is in Block 52, the place Petronas additionally found Roystonea-1 in 2023 and Fusaea-1 and Sloanea-2 in 2024. Block 52 spans over 4,700 sq. kilometers (1,814.68 sq. miles) north of the coast of Paramaribo, based on Petronas.
Exxon Mobil Corp exited Block 52 in 2024 by promoting its 50 % stake to Petronas.
Petronas operates the block with an 80 % stake. Staatsolie’s Paradise Oil Co NV (POC) owns 20 %.
Late final yr Petronas introduced two new PSCs in Suriname. Petronas has secured 30 % in Block 9 as operator and a 30 % non-operating stake in Block 10, Staatsolie stated in a press launch November 5.
The 2 leases sit in shallow waters about 50 kilometers (31.07 miles) from the Saramacca coast. Block 9 spans greater than 2,600 sq km whereas Block 10 covers almost 3,000 sq km. Every license lasts 30 years, Staatsolie stated.
“By signing these PSCs, the events concerned acquire the unique rights for exploration, growth and manufacturing within the respective blocks”, Staatsolie stated. “The preliminary section of the exploration interval will final three years, throughout which the main focus will probably be on buying and processing 3D seismic information to map the subsurface construction”.
Petronas stated in its personal assertion it now holds stakes in eight blocks offshore Suriname. Block 9 and 10 “mark a big milestone in Petronas’ continued enlargement within the Suriname-Guyana Basin, a area acknowledged globally for its hydrocarbon potential”, Petronas stated.
Petronas famous each blocks are “strategically positioned between confirmed deepwater discoveries and onshore producing fields”.
To contact the writer, e-mail jov.onsat@rigzone.com
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