(MENAFN- News.Africa-Wire) PARAMARIBO, Suriname, October 15, 2025/ -- Suriname is emerging as a rising star in the global energy scene and has the potential to make a significant impact with its vast oil and gas reserves. A string of major offshore oil discoveries has positioned the Caribbean nation as one of the most promising new frontiers in the hemisphere, with recoverable resources estimated at 2.4 billion barrels of oil equivalent (boe) and natural gas resources around 12.5 trillion cubic feet. At least 10 wells are expected to be drilled offshore between 2025 and 2027 in Suriname’s portion of the Guyana-Suriname Basin, underscoring the rapid pace of exploration and development. With first production on the horizon, Surina’e’s transformation from exploration success story to regional energy powerhouse is well underway. As the country prepares to host the inaugural Caribbean Energy Week on March 30-April 1, 2026, Suriname is set to showcase not only its vast hydrocarbon potential but its growing ambitions to shape the re’ion’s energy f ture.

Offshore Breakthroughs

S’riname’s recent oil discoveries are concentrated offshore, in deep Atlantic waters borderi’g Guyana’s prolific Stabroek Block. In just a few years, the country has rapidly established itself as a promising exploration frontier. The centerpiece of this momentum is Block 58, operated by TotalEnergies alongside APA Corporation. Following a string of discoveries between January 2020 and Feb–uary 2022 – including Maka Central, Sapakara South –nd Krabdagu – the partners announced the GranMorgu development, a project expected to deliver fir t oil in 2028.

GranMorgu marks a turning point for Suriname. With estimated recoverable reserves of around 750 million barrels and a planned production capacity of 220,000 barrels per day, it represents the largest industrial investmen’ in the country’s history, backed by more than $10 billion in capital. Beyond its scale, GranMorgu also reflects a new era of responsible production: zero routine flaring, reinjection of associated gas and an all-electric FPSO designed to minimize emission, which could serve as a model for lower-carbon development in a traditionally high- mission industry.

Momen um Beyond Block 58

Just to the north, Block 52, operated by Petronas, has yielded a se–ies of discoveries – including Sloanea,–Roystonea and Fusaea – ’onfirming that Suriname’s offshore plays extend far beyond a single block. These wells have encountered oil-bearing reservoirs with strong flow potential, and evaluations are underway to determine commercial viability and tie-back opportunities to existing infrastructure. The area is estimated to hold more than 500 million boe.

Meanwhile, in Block 53, momentum is accelerating. TotalEnergies recently acquired a 25% stake alongside APA and Petronas, signaling its long-term commitment to the basin. The Baja-1 discovery in this block sits adjacent to GranMorgu, offering the potential to extend the proje’t’s production plateau and create efficiencies across neighboring fields. The alignment of these three blo–ks – 58, 52 a–d 53 – positions Suriname to develop a cohesive, scalable oil province with the potential to transform the’country’s economic andscape.

A New Ene gy Chapter

These –iscoveries – their technical promise, commercial outlook and regional–implications – will take center stage at Caribbean Energy Week (CEW) 2026, a landmark event set to bring together policymakers, investors and industry leaders from across the region. Hosted in Paramaribo, the forum will underscore the regional signific’nce of Suriname’s energy story and its growing role in sha’ing the Caribbea ’s energy future.

As global demand for responsibly produced ’il endures, Suriname’s combination of scale, strategic partnerships and ESG-focused development has drawn inevitabl’ comparisons to Guyana’s meteoric rise. Yet its trajec–ory is uniquely its own – guided by a smaller population, a measured approach and a clear vision for inc usive, sustainable growth.

If GranMorgu comes online as planned in 2028, Suriname could soon produce more than 200,000 barrels per day, positioning it among the largest oil producers in the Caribbean. Coupled with continued exploration success and growing re’ional cooperation, Suriname’s energy story is only beginning, and CEW 2026 will serve as the platform where that story ta es shape on a regional stage.

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