ExxonMobil (XOM), Petronas Strike Major Find Offshore Suriname

ExxonMobil Corporation (XOM) and Production Suriname, an affiliate of ExxonMobil, alongside Petronas Suriname E&P, a subsidiary of Malaysia’s Petronas, have announced a significant hydrocarbon discovery in Block 52 offshore Suriname. This marks the third significant find in the block since 2020, further solidifying the potential of the Suriname-Guyana basin for substantial oil and gas reserves.Details of the DiscoveryThe Fusaea-1 exploration well, located approximately 170 kilometers offshore and 9 kilomete ...