Fossil Energy – Suriname
Suriname is advancing a dual-track gas strategy in Block 52 as it moves towards offshore production, according to Annand Jagesar, managing director of the state-owned oil company Staatsolie.
In his address at the Guyana Energy Conference and Supply Chain Expo on 18 February, Jagesar disclosed that oil prospects are also being tested and that exploration efforts are continuing in the same block.
“We have a second, even bigger gas project in that same block that will commence thereafter,” he said.
‘Also in Block 52, they’re looking for oil,’ he added. ‘In fact, they are currently drilling and will conduct tests. Hopefully, we’ll have a second oil project as soon as possible.’
Suriname’s first standalone gas project is potentially set to materialise in Block 52 as early as 2031. Petronas’ Roystonea-1 and Fusaea-1 oil discoveries in this area could support a processing capacity of 100,000 barrels per day (b/d) using a floating production, storage and offloading (FPSO) vessel.
Jagesar explained that these developments form part of a broader offshore expansion strategy. He pointed to the open acreage programme launched in November 2025.
He said that data transparency is part of the push to attract investment. “We now have interactive online access. You can go to our website, where you can see all the offshore information, including all the wells that have been drilled and all the seismic lines. This information is also available for purchase.”
Jagesar also addressed regional energy integration. ‘I think there would be a lot of interest in building a pipeline between Guyana and Suriname,’ he said. ‘That would greatly increase the security of gas delivery and electricity availability.’
The Staatsolie head said that cooperation between neighbouring states is necessary for long-term success.
