KUALA LUMPUR, May 19 (Bernama) — PETRONAS through its subsidiary, PETRONAS Suriname Exploration & Production B.V. (PSEPBV), has completed the farm-down of 50 percent of its participating interest to ExxonMobil Exploration and Production Suriname B.V. (ExxonMobil) from a 100 percent participating interest in Block 52, offshore Suriname.
Block 52 is located north of the coast of Paramaribo, Suriname’s capital city, and is situated in the prospective Suriname-Guyana basin where several major hydrocarbon discoveries were made recently. Block 52 covers an area of 4,749 km² with water depths ranging from 50 to 1,100 meters.