Suriname
Malaysian state-owned oil company Petronas has entered a new strategic agreement, this time with Subsea7 and SLB OneSubsea, to collaborate on field development projects offshore Suriname.
The deal was signed just one day after Petronas entered similar agreements with Valaris and Halliburton, suggesting the company will indeed take a final investment decision soon on Suriname’s Block 52, home of the Sloanea-1 natural gas discovery.
Through early engagement and execution, the collaboration between Petronas and the Subsea Integration Alliance, which comprises Subsea7 and SLB OneSubsea, aims to simplify complex procurement processes, reduce total development costs and enhance delivery certainty.
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