The Guajane-Suriname pool has recorded a significant activity in recent years, and only Gvajana has discovered more than 13 billion barrels of oil equivalent (Boe) of the revealed volumes in the last decade. As operators continue to explore and develop their resources in the growing energy power plant, the focus on their coastal neighbor, Surinam, grows. Rystad energy analyzes at least 10 wells will be drilled at sea by Suriname this year and the following combined, launching significant investment and production.
Investing in the oil and gas sector Suriname is constantly gaining attraction, and is increasingly increasing from $ 348 million in 2020 to $ 514 million last year. Rystad Energy predicts capital investments in the upstream Surin sector to reach $ 9.5 billion between this year and 2027, mostly guided by the constant development of the Graranmor project and planned research campaigns. The turning point project that stands out is Araku Deep-1, Shell is the first of four wells set on Spud or start drilling later this year. The discovery in the well could exclude deeper games and provide better clarity about future drilling plans-which would be a significant grace for Surinam, because it looks on court foreign investments to finance future offshore projects projects. Staatsolie, a national oil company to Suriname, is also in good assistance, and has a 20% stake in the development of well Araku Deep-1 well.
Shell, Totalengies and Chevron are leading research efforts in Surinama, which aims to increase the total resources of the country, which is currently 2.2 billion BOE that can be reimbursed. This is the second place among the emergency research areas only to Namibi, which, together with Turkiya, contributed to 15.5 billion Boe in new oil and gas resources of 2020, which represented 35% of global discoveries during this period. In addition, it is expected that similarities in oil systems between Surin and Guyana will play a key role in launching significant research activities in the region.
Between the two countries, Guyana has traditionally been the focal point of oil research, but Surinam is increasingly attracting attention as the main target, especially in Bloc 58. It is expected that similarities in petroleum systems between coastal neighbors will play a major role in the decision -making process, which are attracted Geological similarities, research success and active courtship of foreign sunshine investments have been proven, creating a favorable environment for research and production. There is every reason for the assets in Suriname to be able to generate healthy cash flows despite acting in a highly risky and relatively unexplored environment.
Palzor Shenga, Vice -President, Underall Research, Rystad Energy
The potential of upstream sunshine will also be unlocked through deep and shallow water. Key development is a project to Graranmor, which includes the Sapakar South and Krabdago fields, and it is estimated to recover around 700 million Boe. This project, which is expected to come online in 2028, was set to indicate the first oil production of Suriname, using a floating production, storage and indulgence vessel (FPSO) with oil production capacity up to 220,000 barrels per day. FPSO will also contain 2 million barrels of raw oil storage and gas processing capacity up to 500 million cubic meters per day. Designed with a full electric platform, the project will focus on the minimization of emissions, with zero routine flash and complete re -injection of the associated gas into the tank.
Time deadlines also greatly improved for projects in the Gvajane-Suriname basin. In addition to the Liza-1 well on the Stabek Bloc, the first major discovery of oil in offshore Guyani, which was quickly monitored by production within four years of the discovery, other projects in the picture were taken or will delay about six years from discovery to the start of production. This achievement emphasizes a significant reduction in time for projects with an offshore share and shows the ability and willingness of global researchers to quickly monitor prominent, economically compellable reserves.
Malaysian state oil and gas giant Petronas is also active in surveying the sunshine. The company currently implements 3D seismic survey in Bloc 63 and Block 52, which covers an area of 6,042 square kilometers. This research, conducted by Amazon Warrior vessel owned by Shiarwater, began in December last year, and is expected to last about 150 days. The primary goal of the survey is to demarcate an Ironman perspective on the eve of the research drilling, which is part of the dedicated work program that includes the second phase of research that will begin in January 2027.
Petronas is focused on developing its discoveries in Bloc 52, where Rystad Energy is estimated at return resources to exceed 500 million Boe. These discoveries include Sloanea-1 (2020), Roystonea-1 (2023) and Fusaea-1 (2024). However, Petronas must either continue the project independently or look for a new partner, after ExxonMobil exit with a 50% stake in the block last year. A successful research campaign and a significant discovery could accelerate development plans and attract potential partners into the project.
