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Natural gas

Suriname Emerges as a Rising Star in Global Energy Scene

Strategic Insights

— 2 min read

Suriname is rapidly transforming into a prominent player in the global energy sector, thanks to its vast oil and gas reserves. The country has made significant offshore discoveries, with estimated recoverable resources of 2.4 billion barrels of oil equivalent (boe) and 12.5 trillion cubic feet of natural gas. At least 10 wells are expected to be drilled between 2025 and 2027 in the Guyana-Suriname Basin, solidifying Suriname's position as a promising new frontier. As the country prepares to host the inaugural Caribbean Energy Week, Suriname is poised to showcase its hydrocarbon potential and growing ambitions to shape the region's energy future.

Key Takeaways:

  • Suriname has made significant offshore oil discoveries, with estimated recoverable resources of 2.4 billion barrels of oil equivalent (boe) and 12.5 trillion cubic feet of natural gas.
  • At least 10 wells are expected to be drilled between 2025 and 2027 in the Guyana-Suriname Basin, highlighting the rapid pace of exploration and development.
  • The GranMorgu development, operated by TotalEnergies and APA Corporation, is expected to deliver first oil in 2028 and represents the largest industrial investment in Suriname's history, with estimated recoverable reserves of around 750 million barrels and a planned production capacity of 220,000 barrels per day.
  • Suriname's energy story is centered around responsible production, with the GranMorgu project featuring zero routine flaring, reinjection of associated gas, and an all-electric FPSO designed to minimize emissions.
  • Suriname's offshore plays extend beyond Block 58, with discoveries in Block 52 and Block 53 confirming the country's potential as a scalable oil province.
  • The alignment of Blocks 58, 52, and 53 positions Suriname to develop a cohesive oil province, with the potential to transform the country's economic landscape.
  • The Caribbean Energy Week 2026 will bring together policymakers, investors, and industry leaders to discuss Suriname's growing role in shaping the Caribbean's energy future.
  • If GranMorgu comes online as planned in 2028, Suriname could produce more than 200,000 barrels per day, positioning it among the largest oil producers in the Caribbean.

Statistics:

  • Estimated recoverable resources: 2.4 billion barrels of oil equivalent (boe) and 12.5 trillion cubic feet of natural gas.
  • Number of wells expected to be drilled between 2025 and 2027: 10
  • Planned production capacity of GranMorgu: 220,000 barrels per day
  • Estimated recoverable reserves of GranMorgu: 750 million barrels
  • Total investment in GranMorgu: over $10 billion
  • Number of oil-bearing reservoirs encountered in Block 52: more than 500 million boe

Sources:

  • Energy Capital & Power
  • TotalEnergies
  • APA Corporation
  • Petronas
  • APO Group
  • Caribbean Energy Week 2026

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