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
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
