Suriname is poised to become a major oil producer as international companies invest in its promising offshore reserves, with a focus on low-carbon production.
The small Caribbean country of Guyana has caught most of the world's attention for the rapid development of its oil and gas resources, but its lesser-known neighbour Suriname , is also a rising star in the world of oil and gas. Several oil majors have signed agreements to expand exploration in Suriname and expect to see huge oil and gas output as early as the 2030s.
The field is adjacent to Exxon Mobil's giant 11-billion-barrel discovery in neighbouring Guyana. TotalEnergies aims to decarbonise operations in Block 58 by incorporating new technologies into its activities. For example, it will use an all-electric floating production, storage, and offloading FPSO unit, optimised power usage with a waste heat recovery unit, and optimised water cooling for improved efficiency.
Oil Gas Energy Caribbean Totalenergies Staatsolie Guyana LNG Oil Reserves
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