Suriname's Oil Boom Faces Economic Headwinds Despite Major Discovery

Suriname's Oil Boom Faces Economic Headwinds Despite Major Discovery

A slew of high-quality oil discoveries in offshore Block 58 by TotalEnergies and its 50% partner, APA Corporation, has seen the tiny South American country of Suriname touted as the next Guyana. While Suriname’s offshore waters hold considerable petroleum potential, the country’s oil boom has been fraught with delays. Conflicting geological data, high gas-to-oil ratios, poor drilling results and economic headwinds are weighing heavily on the for…