ExxonMobil (XOM) to Extend Exploration Activities in Suriname

Exxon Mobil Corporation (XOM) and Malaysian oil giant Petronas have agreed to extend their exploration activities in Suriname.The decision comes as part of their ongoing efforts to replicate the massive oil and gas success found in the neighboring basin offshore Guyana.Despite the initial challenges faced in Suriname, where exploration has not yet met the levels of success seen in Guyana, Petronas and ExxonMobil's perseverance is notable. The discovery of gas at offshore Block 52 in 2020 was deemed commerci ...