Suriname is advancing a dual-track gas strategy in Block 52 as it moves toward offshore production, according to Annand Jagesar, Managing Director at the state oil company Staatsolie.
In his address on day two (February 18) of the Guyana Energy Conference and Supply Chain Expo, Jagesar disclosed that oil prospects are also being tested and exploration efforts are continuing in the same block.
“We have a second, even bigger gas project, also in that block, that will commence thereafter,” Jagesar said.
“Also in Block 52, they’re looking for oil,” he added. “In fact, they are currently drilling and will conduct tests. Hopefully, we’ll have a second oil project as soon as possible.”
Suriname’s first standalone gas project is expected to potentially materialize as early as 2031, at Block 52. Petronas’ Roystonea-1 and Fusaea-1 oil discoveries in this acreage could support a processing capacity of 100,000 barrels per day (b/d) with a floating production, storage and offloading (FPSO) vessel.
Westwood expects Petronas to conduct more exploration drilling offshore Suriname this year | OilNOW
Jagesar explained that the developments are part of a broader offshore expansion strategy. He pointed to the open acreage program launched in November 2025. He said data transparency is part of the push to attract investment. “We now have interactive online access,” Jagesar said. “You can go to our website and you can see all information from offshore, all wells that were drilled, all seismic lines, and that is available for purchase as well.”
Petronas could deliver Suriname’s 2nd FID as early as next year | OilNOW
Jagesar also addressed regional energy integration. “I think it would be of very high interest to build a pipeline just between the two countries,” he said, referring to Guyana and Suriname. “That would increase the security of delivery of gas and the security of the availability of electricity tremendously.”
“So you can see that either from Suriname or from Guyana,” he said. “Which is a big plus if you need industries that really rely on secure electricity.”
The Staatsolie head said cooperation between the neighboring States is necessary for long-term success.
Earlier this month, 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 council specifically noted that the Guyana-Suriname Basin offers ‘advantaged barrels’ for the future.
