Suriname
TotalEnergies expects to begin a new well drilling campaign next year to extend its exploration targets in Suriname.
TotalEnergies’ largest development in Suriname, the $10.5 billion Gran Morgu offshore project, is set to begin oil output in 2028, a milestone for the small South American nation, where all crude production is currently focused onshore.
“We’re going to start a multi-well campaign hopefully next year, depending on rig availability,” Daniel Larranaga said at a conference in Paramaribo. “We’re really looking forward to be able to unlock further potential.”
The campaign will include drilling four new exploration wells at Block 58, a large offshore area comprising 1.4 million acres (some 5,665 square kilometers) and the same area or block that will be developed through the Gran Morgu project.
“There’s still plenty of room to look for oil,” the head of Suriname’s state-run energy company Staatsolie, Annand Jagesar said referring to Block 58, where the firm is a minority partner.
“If a new reserve find is big enough, the area’s partners could choose to develop a second field. If not, it could be tied back into the Gran Morgu project.”
Staatsolie is willing to participate in every oil and gas project that can potentially yield a good return for Suriname, Jagesar added.
