TotalEnergies’ Patrick Pouyanne at a 2023 press conference in Paramaribo, Suriname
Suriname’s upstream enters new era
The country’s offshore basin remains highly competitive and attractive to IOCs, despite the presence of some geological challenges
TotalEnergies’ recent decision to take FID on the GranMorgu oil development in Suriname’s Block 58 appears set to usher in a new era of advancement for the South American country’s promising upstream. TotalEnergies and the Surinamese authorities made the announcement on 1 October, anticipating a total investment of around $10.5b. GranMorgu comprises the Sapakara and Krabdagu oilfields, which hold estimated recoverable reserves of over 750m bl and are 150km off the coast. Block 58 is on the maritime border with Guyana, itself already an exploration hotspot and soon to become a significant producer. “GranMorgu fits with our strategy to accelerate time-to-market and develop low-cost and l
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
