Offshore drilling in Guyana, mainly by ExxonMobil, has in the past years unearthed more than 9 billion barrels of oil equivalent, making Guyana a place to be when it comes to deepwater exploration, and as of December 2019, production, with multiple FPSOs planned for deployment in the coming years.
Explorers in nearby Suriname have been hoping to replicate Exxon’s Guyana successes, and have recently to some degree succeeded, with Apache and Total (now TotalEnergies) announcing several discoveries in the past year, spurring analysts to label Suriname as the next oil production hot spot.
“Recent exploratory success offshore Suriname, where four discoveries have been made in [Block 58] in 2020, shows promise to become an oil production hot spot in the near to mid-term,” energy intelligence group GlobalData said Monday.