XOM Exits Block 52 Offshore Suriname, Petronas Takes Full Ownership

Exxon Mobil Corporation (XOM) , the U.S. oil and gas giant, has withdrawn its stake from Block 52, offshore Suriname, per a statement by Staatsolie, the national oil company of Suriname. The company has transferred its 50% working interest in the block to Petronas, the Malaysian national energy firm. Petronas is the operator of the block that now holds a 100% working interest.XOM’s decision to exit Block 52 came in despite the discovery of gas reserves on the site in 2020. Staatsolie states that ExxonMobil’ ...