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
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
