Suriname is attracting major upstream interest
TotalEnergies announces ‘significant’ Suriname discovery
The news again highlights Suriname’s potential as a frontier basin
TotalEnergies has made “a significant new oil and associated gas discovery” off the coast of Suriname at the Krabdagu-1 well in block 58. TotalEnergies operates the block with a 50pc stake, while the Nasdaq-listed APA Corporation—which counts the North Sea-focused independent Apache as one of its subsidiaries—holds the rest. The partners’ latest find follows a string of other exploration successes in the block, comprising discoveries at the Maka, Sapakara, Kwaskwasi and Keskesi drill sites. The “result encourages us to continue our exploration and appraisal strategy of this prolific block 58 to identify sufficient resources by year-end 2022 for a first oil development”, says Kevin McLachlan,
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