Suriname Poised to Follow Guyana's Footsteps as Major Oil Producer

There is rising speculation the tiny South American country of Suriname will emerge as the next Guyana. After years of speculation surrounding the former Dutch colony’s petroleum potential, with discoveries in neighboring offshore Guyana pointing to the deeply impoverished country possessing billions of barrels of crude, the first oil recently took a big step closer. The joint partners in Suriname’s offshore Block 58, TotalEnergies and APA Corporation which both hold a 50% working interest, finally committed to a multi-billion investment…