My little brother had this along with fluid in his testicles. He had 2 openings that weren't just on the surface, the it was a working whole too. Meaning he could pee out of both. had surgery at 18 months old. They circumsided him and used the foreskin to reconstruct the top of his penis. He also had the fluid drained out of his testicles.

He is now 20 and has a pg gf, so I guess all was successful for him