Country Report
Suriname upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
TotalEnergies sanctioned first offshore development in October 2024: TotalEnergies (40%, operator) and APA Corporation (40%) sanctioned the US$10.5 billion GranMorgu project. Staatsolie will exercise its farm-in rights for 20% participation. The development will target 750 million barrels of low-GOR oil intervals in the eastern discoveries of Sapakara and Krabdagu. In 2023, the consortium concluded an exploration and appraisal plan in Block 58, successfully delineating a cluster of low-GOR ...
Table of contents
- Executive summary
- Key facts
- Location maps
- Key companies
-
Geology
- Introduction
-
Guyana basin
- Tectonic evolution
- Stratigraphy
- Petroleum systems
- Key plays
-
Exploration
-
Licensing
- Introduction
- Recent licensing
- 2001 bidding round
- 2003-2004 bidding round
- Ad-hoc awards (2004-2005)
- 2006 bidding round
- Ad-hoc awards (2008)
- 2008-2009 bidding round
- 8 more item(s)...
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Drilling
- Drilling activity
- Offshore
- Onshore
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Licensing
-
Reserves and resources
-
Oil
- Offshore
- Onshore
-
Gas
- Offshore
- Onshore
-
Oil
-
Production
- Oil/Liquids
- Gas
-
Infrastructure
- Oil infrastructure
- Refinery
-
Policy and regulation
- Key legislation
- Regulatory body
-
State oil company
- Staatsolie
- Paradise Oil
-
International boundaries
- Resolution of the maritime border dispute with Guyana
- Definition of maritime border with French Guiana
- Licensing
-
Fiscal terms
- Overview
- Current fiscal terms
- Staatsolie concession regime
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Production sharing contracts (PSCs)
- State equity participation
- Bonuses, rentals and fees
- Indirect taxes
- Royalty and other production taxes
- Contractor revenue entitlement
- Product pricing
- PSC cost recovery
- PSC profit sharing
- 4 more item(s)...
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- Country Map
- Net Acreage 2025
- Map of Basins
- Production: Table 1
- Production: Table 2
- Liquid Production
- Infrastructure: Table 1
- Infrastructure: Table 2
- Infrastructure Map
- Geology: Image 2
- Blocks Awarded
- 9 more item(s)...
What's included
This report contains:
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