07 Dec, 23

Suriname Prepares for South America’s Next Big Oil Boom

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After grappling with a lengthy political and economic crisis the government of Suriname pinned hopes of an economic recovery on a massive offshore oil boom. French supermajor TotalEnergies and APA Corporation have made five high-quality oil discoveries since 2020 in Suriname’s offshore Block 58. The discoveries ignited dreams of a transformational oil boom for the former Dutch colony. Two years ago, Paramaribo’s vision for replicating neighboring Guyana’s colossal offshore oil boom, responsible for the economy growing threefold…

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