PETRONAS finds oil in Suriname's offshore Block 52

A sign for a Petroliam Nasional Bhd (Petronas) gas station stands near the Petronas KLCC Twin Towers in Kuala Lumpur, Malaysia. - Goh Seng Chong/Bloomberg

KUALA LUMPUR: Petroliam Nasional Bhd’s (PETRONAS)’ subsidiary, PETRONAS Suriname E&P B.V. (PETRONAS Suriname E&P), has made an oil discovery at the Roystonea-1 exploration well in Suriname’s Block 52.

In a statement, PETRONAS said 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.