TotalEnergies and APA Corporation: GranMorgu

The centerpiece of Suriname’s commercial push is the GranMorgu project in Block 58, a $10.5 billion deepwater development operated by TotalEnergies with APA Corporation as partner. In 2026, the project has moved from planning into execution and is targeting first oil in 2028. This progression, including subsea contract awards and FPSO preparations, illustrates how Suriname is transitioning from frontier exploration to large‑scale development, reinforcing investor confidence and attracting service industry interest.

TotalEnergies has also expanded its footprint in Suriname, acquiring a 25% stake in Block 53 – directly adjacent to Block 58 – bolstering its resource base around the GranMorgu infrastructure and enhancing future development potential.

Shell’s Frontier Exploration in Block 65

Shell continues to pursue frontier exploration offshore Suriname, most recently targeting deeper geological horizons with the Araku Deep‑1 well in Block 65. While the well did not encounter commercially viable hydrocarbons, the data collected is expected to refine understanding of the basin beyond the established discovery corridor and guide future drilling campaigns.

Block 65, operated by Shell with QatarEnergy as partner, lies north of Suriname’s emerging deepwater ‘golden lane,’ where discoveries by other operators have already boosted the basin’s profile. Shell’s participation and exploration commitment demonstrate ongoing IOC interest beyond near‑term development projects. Country Chair for Suriname, Andrew Hepburn, will share insights on frontier exploration strategy and investor sentiment at CEW 2026.

Chevron and Petronas: Expanding Footprints and Gas Opportunities

​​Suriname’s offshore basin has also seen activity from Chevron and Petronas that points to sustained IOC engagement. In late 2025, production sharing contracts for offshore Blocks 9 and 10 were signed by a consortium including QatarEnergy, Petronas Suriname E&P Chevron and Staatsolie, giving partners shallow‑water exploration positions adjacent to recent discoveries and broadening international footprints in the basin.

Meanwhile, Petronas achieved a significant milestone with the Sloanea gas discovery (Block 52), which was formally declared commercially viable by Staatsolie. Petronas is preparing to submit a development plan, with industry expectations pointing toward a potential final investment decision in 2026, positioning Suriname for its first gas development – a project that could diversify the basin’s energy profile and attract LNG‑related investment.

Against the surge of exploration and development activity, CEW 2026 will bring together government officials, investors and industry leaders at a moment when Suriname’s basin is moving from frontier potential toward commercial execution. The event will focus on how IOCs and emerging producers can convert discoveries into production, navigate infrastructure bottlenecks and attract strategic capital across the Caribbean and adjacent Atlantic basins.

Join us in shaping the future of Caribbean energy. To participate in this landmark event, please contact sales@energycapitalpower.com.