Investment is projected to stream into Suriname if more oil discoveries keep coming
Suriname poised to join upstream elite
The South American country has all the potential to become a major crude producer, as showcased by recent offshore discoveries
Suriname will attract significant attention and investment as an upstream hotspot over the next decade and beyond, according to speakers at the Suriname International Petroleum & Gas Summit and Exhibition 2021. “1.5-6.5bn bl oe is believed to be present in the Suriname side of the Suriname-Guyana basin, and production within ten years could be ramped up to more than 500,000bl/d,” says Patrick Brunings, exploration and subsurface offshore asset manager at Suriname’s state oil company, Staatsolie. “Looking at the geology and where the hydrocarbons are situated, this could be produced at a breakeven price of less than $40/bl.” Multiple offshore discoveries last year and into 2021 are alrea
Also in this section
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
