A fresh natural gas discovery in Suriname has pushed total reserves in Petronas-operated Block 52 past the 1 billion barrel equivalent mark, according to reports from multiple wire services.
The find, announced this week, underscores the growing significance of Suriname’s offshore energy sector and adds to the resource base for Malaysia’s national oil company.
The development comes as Suriname weighs a critical decision on its first gas project in 2026.
President Jennifer Simons confirmed the discovery on Tuesday, highlighting the country’s ambition to establish a dual hydrocarbon output from a single offshore site.
The potential for commercial declaration within the next 18 months could transform Suriname into a notable new supplier in the global energy market.
For traders, the news reinforces the supply-side narrative in the Caribbean and South American basins.