Suriname Prepares for South America’s Next Big Oil Boom There is also a series of other oil discoveries in the Guyana-Suriname Basin to consider. The key discoveries are the Kawa-1 and Wei-1 discoveries made by CGX Energy in the Corentyne Block, which is contiguous to Block 58, in offshore Guyana. According to a report commissioned by Frontera Energy, which is a 68% partner in the Corentyne Block and majority owner of CGX Energy, there are fully risked mean prospective resources of 967 million barrels to be discovered. APA also announced, in August 2022, that the Baja-1 wildcat well in Block 53 offshore Suriname had found oil. Malaya’s national oil company Petronas, which is the operator with a 50% interest, and partner Exxon, holding the remaining 50%, made two discoveries in Block 52 offshore Suriname at the Sloanea-1 well in 2020 and Roystonea-1 well during November 2023.
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