The Energy Industries Council (EIC) said a growing pipeline of offshore contracts is emerging in Guyana and Suriname as multiple projects advance toward final investment decisions, creating near-term opportunities for the global energy supply chain.
The update was provided by Lucas Ramos, Lead Energy Analyst at the Energy Industries Council, during a recent EIC webinar focused on subsea activity and opportunities in both countries. Ramos said the EICDataStream platform is tracking a steady flow of contract awards linked to Guyana’s Stabroek Block developments and early-stage projects offshore Suriname.
“That information helps us better navigate opportunities on the market,” Ramos said.
Guyana-Suriname Basin offers ‘advantaged barrels’ for the future, says S&P Global Executive | OilNOW
He said recent awards in Guyana are tied to the Jaguar and Hammerhead developments, with scopes covering subsea installation and pre-lay activities. Ramos said the scale of Guyana’s offshore build-out will continue to generate demand for logistics, subsea services, and offshore support as production expands.
“We see an active scale-up of infrastructure arrangements in the country,” he said.
He said Suriname is also entering a new contracting phase as its first FPSO project moves closer to execution. The unit for the GranMorgu development will be all-electric, with no routine flaring and gas reinjection capability, and is expected to achieve first oil in 2028.
Suriname to outpace Guyana in 2025 exploration activity – WoodMac | OilNOW
Ramos said additional opportunities are expected from exploration and appraisal drilling, seismic campaigns, and potential floating LNG developments offshore Suriname.
“Exploration activities are really important there at the moment,” he said. He described the region as having “challenging waters”, but added that it represents a major new play test for Suriname.
He said EIC continues to track contractual activity across both countries to support companies seeking entry into the Guyana Suriname offshore market. The webinar was hosted by EIC and featured representatives from Subsea7 and Aberdeen International Associates. It targeted companies seeking contracts, partnerships, and supply chain opportunities in Guyana and Suriname’s expanding offshore sectors.
