"ExxonMobil transfers 50% interest in Suriname’s Block 52 to PETRONAS" was originally created and published by Offshore Technology, a GlobalData owned brand.

Exxon Mobil Corp. has transferred its 50 percent stake in Suriname’s Block 52 to partner Petroliam Nasional Bhd. (Petronas), the South American country’s national oil and gas company said, assuring there would be no disruption in activities.

Exxon Mobil Corp. withdrew from an oil-exploration block off the coast of Suriname, not far from where it discovered more than 11 billion barrels in Guyanese waters. Most Read from BloombergParis to R

ExxonMobil Exploration & Production Suriname B.V. has formally notified Suriname’s national energy company, Staatsolie, that it will withdraw from Block 52 in the Surinamese offshore area effective 14.