Suriname plays exploration catch-up
After years of drilling letdowns, the small Latin American nation is finally starting to prove its offshore potential
Suriname’s reputation as a global upstream hotspot is again gaining momentum following a fifth major oil discovery. In mid-January, US independent Apache added a fourth find in block 58 at its Keskesi East prospect, 12 months after announcing the country’s first ever offshore discovery. The region’s high-grade crude, with an estimated breakeven of $45-46/bl, makes it one of the more attractive and profitable frontier basins in the world. As a result, exploration has taken off over the past year and shows no sign of slowing. Around 50 drilling prospects have been identified in block 58 alone. French major Total assumed operatorship of the block in January and showcased its exploration i
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
