Petronas has signed a Production Sharing Contract (PSC) for Block 66, located in the deepwater region offshore Suriname.
The PSC includes a firm commitment to drill two exploration wells, targeting drill-ready prospects that offer significant resource potential and are strategically positioned to unlock synergies with Petronas’ existing operations in Suriname.
Under terms of the contract, Petronas holds the operatorship with 80% participating interest, while Staatsolie holds the remaining 20%.
Spanning approximately 3,390 km2, Block 66 lies directly adjacent to Block 52 in the deepwater region offshore Suriname, where Petronas has recorded a series of exploration and appraisal successes. Building on this strong foundation, Petronas is optimistic that the positive momentum and learnings from Block 52 will carry over into Block 66 as it continues to explore and unlock the hydrocarbon potential of the area.
“This acquisition marks a pivotal step in PETRONAS’ expansion into the prolific Suriname-Guyana hydrocarbon basin, aligning with our strategy to unlock high-value, high-potential assets and deliver long-term value through global partnerships and deepwater innovation,” said Mohd Redhani Abdul Rahman, Petronas’ VP of International Assets Upstream. “With its prime location and significant resource potential, Block 66 complements PETRONAS’ existing deepwater portfolio.
“We look forward to advancing our partnership with Staatsolie to unlock new energy opportunities together,” he added.
The agreement also reflects PETRONAS’ commitment to responsible energy development, with built-in provisions supporting domestic workforce participation, as well as social investment in a sustainable way—ensuring alignment with Suriname’s national development goals.
This latest addition brings PETRONAS’ offshore interest in Suriname to six blocks, strengthening its position in the country following four discoveries to date.
