Rigzone · April 9, 2026 (23h ago) · 1 min read

Petronas, SLB Ink Suriname Partnership

Analysis

OilCyprus Editorial

Petronas and SLB (through Subsea Integration Alliance) have formed a partnership to develop multiple discoveries in Suriname. This agreement allows Subsea Integration Alliance to potentially provide comprehensive EPCIC solutions, streamlining project execution and potentially accelerating development timelines in the region.

Key Facts

Petronas is the operator involved in the Suriname discoveries.
SLB's Subsea Integration Alliance is the partner, offering integrated solutions.
The agreement covers engineering, procurement, construction, installation, and commissioning (EPCIC).

Market Impact

This partnership signals increased activity and investment in Suriname's offshore sector. It leverages SLB's integrated capabilities to potentially reduce costs and improve efficiency in developing these discoveries. This could encourage further exploration and development in the region, making Suriname a more attractive investment destination.

Why This Matters for Cyprus

This partnership signifies a commitment to developing Suriname's offshore resources, potentially unlocking significant hydrocarbon reserves and creating opportunities for service companies and investors.

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