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
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
