While final costs and “further well operations” reportedly remain to be worked out, the French company TotalEnergies has announced that it will commence drilling and exploration well on Suriname’s Block 64 in May. The announcement regarding a timeline for the commencement of drilling marks a modest but important step in the overall process of Suriname joining Guyana in the global group of oil- producing countries. The disclosure regarding a timeline for drilling was made by Total’s Country Manager Artur Nunes da Silva.
In the course of making the announcement Nunes Da Silva reportedly stated that final costs and further well operations were still being organized. TotalEnergies’ $10.5 billion project with APA Corp was green-lit earlier this year, a development which provided confirmation that Suri-name was on the threshold of becoming part of South America’s growing ‘petro family’. Based on the current pace of progress, Suriname’s drilling operations are expected to yield ‘first oil’ in 2028.