The government of Suriname, located in the capital Paramaribo, has been eyeing Guyana's booming petroleum sector since 2019, which has delivered significant economic windfalls for the former British colony:
Since 2020, five major oil discoveries have been made in Suriname, confirming the presence of commercially exploitable hydrocarbons:
Suriname's oil industry, long delayed, is now on the cusp of growth as TotalEnergies and APA Corporation greenlighted a $26 billion investment in the GranMorgu project:
This project is expected to come online in 2028 and could generate up to $26 billion in fiscal income:
The GranMorgu project aims for a production capacity of 220,000 barrels of oil per day:
This oil production, considered 'light' and 'sweet', is expected to attract the same refiner interest that has fueled Guyana's boom:
