TotalEnergies is preparing to develop massive oil and gas resources discovered offshore Suriname, following the success of neighboring Guyana's oil boom.
French supermajor TotalEnergies has started to scour the market for deepwater rigs and support vessels to begin development of massive resources discovered offshore Suriname , anonymous sources with knowledge of the tenders told Bloomberg on Friday. Exploration and resource development in the Atlantic Basin is now alive more than ever, following the huge developments offshore Guyana led by ExxonMobil and the plans of TotalEnergies to tap the discovered resources in Guyana’s neighbor, Suriname .
“They have reserved this hull,” Annand Jagesar, managing director of Suriname’s state oil company, Staatsolie, told Bloomberg. “You’re not going to pay a lot of money for that to have it sitting around,” Jagesar added. TotalEnergies and APA plan to make the final investment decision on the Block 58 project by the end of 2024, targeting first oil in 2028. Crude oil discoveries in Suriname have opened access to some 2.4 billion barrels in reserves, Wood Mackenzie analysts have estimated.
Suriname Offshore Exploration Oil Gas Resources Development Final Investment Decision Production Vessel Hydrocarbon Basin
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