Suriname is attracting major upstream interest
TotalEnergies announces ‘significant’ Suriname discovery
The news again highlights Suriname’s potential as a frontier basin
TotalEnergies has made “a significant new oil and associated gas discovery” off the coast of Suriname at the Krabdagu-1 well in block 58. TotalEnergies operates the block with a 50pc stake, while the Nasdaq-listed APA Corporation—which counts the North Sea-focused independent Apache as one of its subsidiaries—holds the rest. The partners’ latest find follows a string of other exploration successes in the block, comprising discoveries at the Maka, Sapakara, Kwaskwasi and Keskesi drill sites. The “result encourages us to continue our exploration and appraisal strategy of this prolific block 58 to identify sufficient resources by year-end 2022 for a first oil development”, says Kevin McLachlan,
Also in this section
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
