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
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
