TotalEnergies' GranMorgu remains Suriname's only approved offshore oil project, but Petronas could take FID on a gas project next year.
Chevron and Shell, as well as China's CNPC, are also looking at Suriname's nascent offshore as the country seeks to emulate neighboring Guyana's exploration success.
The Issue
Suriname has yet to have the same exploration success as rising oil star Guyana to the west. The only offshore development approved to date is the Total-led GranMorgu oil scheme, which aims to start up in 2028 and reach a 220,000 barrel per day capacity. But while Suriname's subsea oil and gas resources are considered more gassy and complex than Guyana's, several industry sources have told Energy Intelligence that at least four big oil companies are betting on exploration success. The administration of Suriname President Jennifer Geerlings-Simons, who was sworn in on Jul. 16, is supportive of oil development, which could be transformative for the former Dutch colony of 600,000 inhabitants.
Low-Cost, Low-Carbon Barrels
