TotalEnergies CEO Patrick Pouyanne and Surinamese President Chan Santokhi after the announcement of French major’s Block 58 investment decision in 2024
Oil majors target Suriname as new exploration frontier
Companies including Shell, TotalEnergies and Chevron are turning to Suriname’s oil potential as South America’s smallest country seeks to replicate the success of neighbouring Guyana
Modern exploration activity in Suriname, which sits on South America's northeastern coast, was triggered after ExxonMobil found oil in 2015 in Guyana’s portion of the Guyana-Suriname Basin. Guyana’s oil exports more than doubled from about 101,000b/d in 2021 to 265,000b/d in 2024. TotalEnergies in October 2024 reached FID for the GranMorgu development offshore Suriname. The French major has said it expects production of 220,000b/d once the project starts in 2028. State-owned oil company Staatsolie has an option to enter with a stake of up to 20% and will finalise its interest before June this year. 40b bl – Suriname’s resource potential Shell has applied for permitting approval from
Also in this section
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
8 January 2026
The region’s access to versatile feedstock, combined with policy support, is setting it up to meet growing demand both at home and abroad
7 January 2026
No longer can the energy source be considered a sidekick to oil in the Middle East and neither should it step aside for less convincing alternatives
