Malaysian Major Makes Gas Discovery in Suriname

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Malaysia's state energy company Petronas has discovered offshore natural gas in Suriname, with plans to decide on developing Block 52 by year-end. The discovery adds to over one billion barrels of oil equivalent found through eight successful exploration projects.

Malaysia’s state energy firm Petronas has made a natural gas discovery offshore Suriname, the country’s president said this week, as quoted by Reuters, expecting the Malaysian major to make the final investment decision on the development of Block 52 by the end of the year. “To date, we have made eight successful exploration discoveries, unlocking over more than one billion barrels of oil equivalent, while continuing advancing lower-carbon solutions, safe operations and investment in people, technology and capability to create…