Suriname poised to join upstream elite

The South American country has all the potential to become a major crude producer, as showcased by recent offshore discoveries

Suriname will attract significant attention and investment as an upstream hotspot over the next decade and beyond, according to speakers at the Suriname International Petroleum & Gas Summit and Exhibition 2021. “1.5-6.5bn bl oe is believed to be present in the Suriname side of the Suriname-Guyana basin, and production within ten years could be ramped up to more than 500,000bl/d,” says Patrick Brunings, exploration and subsurface offshore asset manager at Suriname’s state oil company, Staatsolie. “Looking at the geology and where the hydrocarbons are situated, this could be produced at a breakeven price of less than $40/bl.”  Multiple offshore discoveries last year and into 2021 are alrea