After five commercial oil discoveries in Surname’s offshore Block 58, the government in Paramaribo was optimistic the tiny, impoverished country was on track to enjoy an oil boom on the scale of neighboring Guyana. That was dealt a blow after TotalEnergies, which with a 50% interest, is the operator of Block 58, was dealt a massive blow after the supermajor chose to delay the final investment decision (FID), which was expected during 2022 or 2023.
This decision occurred because drilling results did not match seismic data, while…New Drilling Data Reignites Suriname's Oil Dream
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