suriname oil discoveries

Showing: 1 - 1 of 1 Articles

Sign up for the Guyana, South America Weekly Newsletter Absolutely Free!

Guyana, South America Homepage Form 2

Suriname Estimated to Have Over 30 Billion Barrels of Unexplored Oil Reserves

Currently, just 40% of Suriname’s offshore oil blocks have been licensed, some 32 million acres, leaving over 60% untouched and ripe with potential. Staatsolie’s Vice President of Offshore, Glenn Corrie, said that by the end of 2022, the 60% of unexplored offshore acreage will be up for grabs, and Suriname is looking to get good fiscal terms for the development of its oil and gas resources.