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
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
