This is a boon for South America's oil industry, particularly Suriname's emerging petroleum boom, which was delayed by conflicting drilling results and seismic data. The state-controlled energy company's acquisition was in accordance with Staatsolie's rights set out in the production-sharing contract (PSC) for Block 52. Suriname's oil boom is not only about Block 58 and GranMorgu. Offshore Block 52 demonstrates considerable hydrocarbon potential. These results confirm the viability of Block 52 and its tremendous oil potential, with the offshore petroleum acreage destined to contain Suriname's next major hydrocarbon field.