Oil & Gas

Petronas confirms Block 52's discovered resources now exceed one billion barrels of oil equivalent — a turning point for Suriname's gas future.

The FPSO hull is in dry dock in China, four subsea trees are finished, and the project is roughly half built. A progress report on the development that will define Suriname's next decade.

Stabroek production hit 926,000 barrels per day in February. With the Uaru project starting late this year, Guyana will pass one million — and preview the scale of what Suriname's own decade could hold.

Staatsolie has declared the Sloanea gas field on Block 52 commercially viable. A floating LNG development operated by Petronas could give Suriname a second hydrocarbon export stream by the end of the decade.

A US$516 million bond and a US$1.6 billion syndicated loan from eighteen lenders — how Suriname's state oil company financed its 20 percent of GranMorgu, and what it signals about the country's creditworthiness.

Suriname's local content legislation is ambitious on paper. In practice, the tenders go to joint ventures that place a Surinamese name on a foreign balance sheet. Wimpel traces the money.