PARAMARIBO, Suriname –The Suriname Energy, Oil & Gas Summit (SEOGS) 2025 officially opened Tuesday morning with a ribbon-cutting ceremony and remarks from President Chandrikapersad Santokhi. In his address, Santokhi reaffirmed Suriname’s commitment to transparency and inclusive growth in the energy sector, stating, “The development of our oil and gas resources must benefit all of our people.”
The event, now in its fifth year, brings together government officials, investors and energy executives to chart Suriname’s path forward as it prepares for offshore oil production.
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The day’s headline keynote came from TotalEnergies Chairman and CEO Patrick Pouyanné, who addressed attendees through a recorded message. He reiterated the company’s commitment to the Suriname-Guyana basin and outlined updates on the Granmorgu project in Block 58. The project is anticipated to create over 6000 jobs and inject more than $1.5 billion into the local economy.
“It will bring more than 750 million barrels of oil to the market with a cost below US$20 the barrel,” Pouyanné said. He added, “The GranMorgu project is more than US$10 million investment and was designed to address sustainable energy values.”
Pouyanné emphasized that local content would remain central to their strategy, pledging to source goods and services locally where feasible. The chairman also highlighted sustainability features of the project, including the floating production, storage and offloading unit (FPSO) being electrical, a permanent methane monitoring system and the reinjection of associated gas, all part of broader efforts to achieve net-zero emissions by 2050.
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The African Export-Import Bank, present at the opening, also plans to collaborate with the Surinamese government on a US$5 billion local content facility. The initiative aims to build infrastructure, strengthen local capacity, and ensure Surinamese businesses can participate meaningfully in the oil and gas sector. The executive opening session also featured remarks from Staatsolie CEO Annand Jagesar and Petronas Vice President for International Assets Mohd Redhani Abdul Rahman.
SEOGS 2025 is expected to host a series of high-level panels and networking sessions throughout the week, addressing topics such as financing, regulatory frameworks, workforce development and regional energy cooperation.
