Suriname is fast emerging as one of the Caribbean’s most promising energy frontiers, powered by a wave of offshore oil discoveries, large-scale investments, and growing regional ambitions. With an estimated 2.4 billion barrels of recoverable oil equivalent and 12.5 trillion cubic feet of natural gas, the country is positioning itself as a new player in the hemisphere’s energy landscape.
At least 10 new wells are expected to be drilled between 2025 and 2027 in Suriname’s portion of the Guyana-Suriname Basin, underscoring the nation’s rapid progress from exploration success to production readiness. The momentum comes as Suriname prepares to host the inaugural Caribbean Energy Week (CEW) from March 30 to April 1, 2026, an event that will spotlight its growing influence in shaping the region’s energy future.
Offshore Breakthroughs
Suriname’s recent discoveries are concentrated in deep Atlantic waters bordering Guyana’s prolific Stabroek Block. At the heart of the country’s progress lies Block 58, operated by TotalEnergies in partnership with APA Corporation. Between 2020 and 2022, a series of successful finds, including Maka Central, Sapakara South, and Krabdagu, paved the way for the GranMorgu development, which is expected to deliver first oil in 2028.
With estimated reserves of around 750 million barrels and a projected output of 220,000 barrels per day, GranMorgu represents the largest industrial investment in Suriname’s history, backed by more than $10 billion. The project also sets a new standard for responsible production, featuring zero routine flaring, gas reinjection, and an all-electric floating production storage and offloading (FPSO) unit designed to minimize emissions, a model for lower-carbon operations in the oil and gas industry.
Momentum Beyond Block 58
Exploration activity extends well beyond Block 58. In Block 52, operated by Petronas, discoveries such as Sloanea, Roystonea, and Fusaea have confirmed Suriname’s extensive offshore potential. Early evaluations suggest strong flow potential and commercial prospects exceeding 500 million barrels of oil equivalent.
Meanwhile, Block 53 is gaining attention as TotalEnergies expands its footprint, acquiring a 25% stake alongside APA and Petronas. The Baja-1 discovery in this block lies close to GranMorgu, creating the opportunity for shared infrastructure and extended production capacity. Together, Blocks 58, 52, and 53 form the backbone of what could become a fully integrated oil province, positioning Suriname for sustained growth and economic transformation.
A New Energy Chapter
These developments, and their implications for regional energy security, will take center stage during Caribbean Energy Week 2026 in Paramaribo. The forum will bring together policymakers, investors, and industry leaders to discuss Suriname’s evolving role as a responsible energy producer and its potential to drive Caribbean cooperation in oil, gas, and renewable development.
With its combination of scale, strategic partnerships, and a focus on environmental, social, and governance (ESG) principles, Suriname is increasingly compared to its neighbor Guyana, though its approach is more measured and inclusive.
If the GranMorgu project comes onstream as planned in 2028, Suriname could produce more than 200,000 barrels per day, cementing its position among the region’s largest oil producers. Combined with ongoing exploration and regional collaboration, the country’s rise marks the beginning of a new chapter in Caribbean energy.
Caribbean Energy Week 2026 is expected to serve as the platform for this transformation, a moment for Suriname to present its energy vision to the world and redefine its place on the global stage.
