Suriname is rapidly establishing itself as a major offshore oil and gas player in the Caribbean, with multiple deepwater discoveries and growing international investment positioning the nation as the region’s next upstream growth center.
Recent exploration success has confirmed estimated recoverable resources of 2.4 billion barrels of oil equivalent (boe) and 12.5 trillion cubic feet of natural gas, primarily within Suriname’s portion of the Guyana–Suriname basin. At least ten new wells are expected to be drilled offshore between 2025 and 2027, underscoring accelerating exploration and appraisal activity.
The Block 58 development, operated by TotalEnergies with partner APA Corporation, anchors Suriname’s emergence. Following a series of discoveries between 2020 and 2022 — including Maka Central, Sapakara South, and Krabdagu — the partners sanctioned the GranMorgu project, expected to deliver first oil in 2028. The field, with estimated reserves of approximately 750 million barrels, represents the largest industrial investment in Suriname’s history and will feature an all-electric FPSO designed for reduced emissions and zero routine flaring.
Further north, Petronas’ Block 52 continues to advance with discoveries at Sloanea, Roystonea, and Fusaea, indicating commercial potential across a broader portion of the basin. Evaluation work is underway to assess tie-back options and development synergies with adjacent fields.
In Block 53, TotalEnergies recently acquired a 25% stake alongside APA and Petronas, reinforcing long-term confidence in Suriname’s offshore potential. The Baja-1 discovery, located near the GranMorgu area, could provide additional production flexibility and extend field life across connected assets.
Together, these projects outline a path toward sustained production growth, with Suriname potentially producing more than 200,000 bpd by the end of the decade. The country’s coordinated exploration activity and partnership structure position it as the Caribbean’s next major contributor to regional oil and gas supply.
