PETRONAS Advances Global Growth with Suriname’s Blocks 9 and 10

2025 Media Release - 5 Nov

Paramaribo, 5 November 2025 - PETRONAS, through its wholly-owned subsidiary PETRONAS Suriname E&P B.V. (PSEPBV), has signed Production Sharing Contracts (PSCs) for Blocks 9 and 10, located in the shallow offshore region of Suriname. The agreements were signed with Staatsolie Maatschappij Suriname N.V. (Staatsolie), Paradise Oil Company N.V. (POC), and consortium partners Chevron Suriname Exploration Limited (Chevron), and QatarEnergy International E&P LLC (QatarEnergy). The PSCs were awarded as part of the Suriname Post Shallow Offshore 2 Bid Round 2024-2025, following the consortium's successful bid.

These PSCs mark a significant milestone in PETRONAS' continued expansion in the Suriname-Guyana Basin, a region recognised globally for its hydrocarbon potential. Blocks 9 and 10 span a combined area of approximately 5,456 square kilometres and are strategically located between proven deepwater discoveries and onshore producing fields.

Under the PSCs, PETRONAS holds a 30% participating interest and serves as the operator for Block 9, with Chevron and QatarEnergy each holding 20%, and POC holding 30%. For Block 10, PETRONAS also holds a 30% participating interest, while Chevron acts as the operator with 30%, QatarEnergy 30%, and POC 10%.

The signing ceremony was held in Paramaribo, Suriname, with PETRONAS represented by Danny Tan Chern Han, Country Chair of PSEPBV. Staatsolie was represented by its Managing Director, Annand Jagesar; Chevron by its Frontier Exploration Director, Andrew Deighan; QatarEnergy by its Manager of International Upstream & Exploration, Ali Al-Mana; and POC by its Director, Rekha Bissumbhar.

PETRONAS Vice President of Exploration, Faisal Bakar commented, "PETRONAS is focused on growing our presence in Suriname and we thank Staatsolie and the Government of the Republic of Suriname for their continued support. Building on our recent success and our aspiration to grow in the country, we are preparing for upcoming exploration activities. The expansion into Blocks 9 and 10 reflects our confidence in Suriname's offshore potential and our commitment to creating sustainable value for the nation and its people"

The PSCs also include provisions to support local workforce participation and social investment, reinforcing PETRONAS' commitment to responsible energy development aligned with Suriname's national goals.

With the addition of Blocks 9 and 10, along with the recent signing of Block 66 in June 2025, PETRONAS now holds interests in eight offshore blocks in Suriname, strengthening its footprint in the country's offshore exploration landscape and its position as a global energy player.

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