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Malaysian energy giant Petronas is considering a new independent floating liquefied natural gas (FLNG) project off the coast of Suriname following its latest drilling success in Block 52. Petronas confirmed on Thursday that the Sloanea-2 appraisal well in Block 52 was successful. It also includes the 2024 discovery Fusaea and the 2023 discovery Roystonea, which can be found in a water depth of 800 meters.
The operator said the successful appraisal of its Sloanea discovery strengthens its prospects in the Suriname-Guyana Basin going forward “and opens up the possibility of developing a standalone FLNG project at the field in the future”.
In December 2020, the Sloanea-1 exploration well discovered multiple oil and gas-bearing sandstone packages with good reservoir quality in the Campanian Stage.
Petronas added that it is currently evaluating the feasibility of an integrated development strategy for gas and oil extraction within Block 52.
Sloanea is a gas reservoir, while Roystonea and Fusaea, about 9 km apart, contain oil.
Consultants Wood Mackenzie previously estimated recoverable resources at the latter two fields at close to 400 million barrels of oil, which he said was enough to support a floating production storage and offloading (FPSO) vessel with a processing capacity of up to 100,000 barrels per day.
Co-investors in Block 52, which covers 4,749 square kilometres north of the Paramaribo coast, include Malaysia’s Petronas and US oil giant ExxonMobil.
The partners reached an agreement with Staatsolie to provide them with a 10-year tax holiday from the start of gas production in Block 52.
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