Suriname plays exploration catch-up
After years of drilling letdowns, the small Latin American nation is finally starting to prove its offshore potential
Suriname’s reputation as a global upstream hotspot is again gaining momentum following a fifth major oil discovery. In mid-January, US independent Apache added a fourth find in block 58 at its Keskesi East prospect, 12 months after announcing the country’s first ever offshore discovery. The region’s high-grade crude, with an estimated breakeven of $45-46/bl, makes it one of the more attractive and profitable frontier basins in the world. As a result, exploration has taken off over the past year and shows no sign of slowing. Around 50 drilling prospects have been identified in block 58 alone. French major Total assumed operatorship of the block in January and showcased its exploration i
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
