Halliburton has signed a Strategic Collaboration Agreement with PETRONAS Suriname Exploration & Production B.V. and Valaris to support development of offshore assets in Suriname, the company said on April 6, 2026.
The agreement brings the three companies together at an early stage of the project lifecycle. The focus is on aligning planning and execution as activity advances offshore.
Shannon Slocum, Chief Operating Officer at Halliburton, said the collaboration is built on early engagement. “This collaboration reflects PETRONAS Suriname’s confidence in our early engagement approach and the ability to establish execution readiness from the outset,” Slocum said.
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He pointed to how technical integration will support delivery. “Our integration of subsurface insight with well construction expertise strengthens alignment throughout the development lifecycle and reinforces consistent, high-quality execution with PETRONAS Suriname and Valaris,” Slocum said.
The companies will combine PETRONAS Suriname’s basin expertise, Valaris’ offshore drilling capability, and Halliburton’s technology and execution services. The approach links subsurface evaluation with field development planning and digital well construction to track progress from concept to execution.
PETRONAS is a major operator offshore Suriname through its subsidiary. It holds interests in eight offshore blocks, including Block 52, where discoveries such as Sloanea-1, Roystonea-1, and Fusaea-1 were made in deepwater acreage.
In 2025, PETRONAS and Staatsolie declared the Sloanea gas field commercial. The development is expected to include subsea wells, new infrastructure, and a floating liquefied natural gas (LNG) facility.
PETRONAS is preparing its development plan and is targeting a final investment decision in 2026. First gas is projected around 2030.
