Petronas Expands Deepwater Portfolio In Suriname With Block 66 PSC

Petroliam Nasional Bhd (Petronas) UUSY68851AK3:

• EXPANDS DEEPWATER PORTFOLIO IN SURINAME WITH BLOCK 66 PSC

• AGREEMENT WAS SIGNED WITH STAATSOLIE MAATSCHAPPIJ SURINAME N.V. AND PARADISE OIL COMPANY N.V

• DEAL INCLUDES FIRM COMMITMENT TO DRILL TWO EXPLORATION WELLS, OTHERS

• UNDER DEAL, PETRONAS HOLDS OPERATORSHIP WITH 80% PARTICIPATING INTEREST, WHILE POC HOLDS THE REMAINING 20% OF BLOCK 66