Reported 2 days ago
Suriname's offshore oil exploration is on the verge of major growth, particularly in the Guyana-Suriname Basin, where substantial investment is expected. An analysis predicts at least 10 wells will be drilled this year and next, with capital investments in the sector projected to reach $9.5 billion by 2027. Key projects like the GranMorgu and Araku Deep-1 wells are set to enhance exploration efforts by major companies like Shell and TotalEnergies, with the potential to unlock significant resources and attract foreign investment.
Source: YAHOO