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
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
