Introduction
The Caribbean is undergoing a significant shift in its energy dynamics, and at the heart of this transformation is Suriname. Once a quieter player, the country is rapidly emerging as the region's next oil and gas powerhouse. This dramatic rise is fueled by a series of monumental offshore discoveries that have positioned Suriname as one of the most exciting and promising exploration frontiers in the Western Hemisphere. The following article details how these finds, backed by major international partnerships and an aggressive development schedule, are setting the stage for a profound economic and energy-sector overhaul in Suriname, cementing its future role as a critical contributor to the regional energy supply.
The article "Suriname Emerges as the Caribbean’s Next Oil & Gas Powerhouse" highlights Suriname's rapid rise as a significant new player in the Caribbean oil and gas sector. Driven by a string of major offshore discoveries, the country has become one of the most promising exploration frontiers in the hemisphere. Recoverable resources are estimated at 2.4 billion barrels of oil equivalent (boe) and around 12.5 trillion cubic feet of natural gas, mainly in Suriname's portion of the Guyana-Suriname basin.
Suriname's emergence is anchored by the Block 58 development, operated by TotalEnergies and APA Corporation, with the GranMorgu project expected to deliver first oil by 2028. GranMorgu alone holds about 750 million barrels of reserves and will be the country's largest industrial investment to date, featuring environmentally conscious technologies including zero routine flaring and an all-electric FPSO. Beyond Block 58, other blocks (52 and 53) show promising discoveries led by Petronas and TotalEnergies with an estimated additional 500 million boe, extending Suriname's offshore potential.
The article emphasizes Suriname's rapid exploration and development pace with at least 10 new wells expected offshore between 2025 and 2027. With production potentially exceeding 200,000 barrels per day by decade's end, Suriname is poised to be a major contributor to Caribbean and regional energy supply. The country is also positioning itself as a regional energy hub, hosting events like the Caribbean Energy Week in 2026 to showcase its hydrocarbon resources and ambitions for shaping the future energy landscape in the region.
In summary, Suriname is transitioning from exploration success to energy powerhouse status with significant offshore oil and gas reserves, major international partnerships, and a strong development pipeline fueling optimism about its economic transformation and regional energy role.